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Last Update: ،
2025/10/09
Time
09:41:24
Latest News:
Dep. Planning Minister discusses with French organization cash transfer project, future interventions
Tariq Saleh discusses with US Ambassador economic reforms
PM confers with British Ambassador over joint cooperation
Al-Arada, Turkish Ambassador discuss bilateral relations
PM meets with French Ambassador
Latest News:
Dep. Planning Minister discusses with French organization cash transfer project, future interventions
Tariq Saleh discusses with US Ambassador economic reforms
PM confers with British Ambassador over joint cooperation
Al-Arada, Turkish Ambassador discuss bilateral relations
PM meets with French Ambassador
Samsung Electronics reports 86.1 percent decline in profits for Q1
[27/04/2023 08:49]
SEOUL-SABA
Samsung’s first-quarter net income fell 86.1 percent to 1.57 trillion won, the worst in 14 years, blaming slowing consumer spending due to uncertainty over the global economy.
The world's largest memory chip and smartphone maker reported today, Thursday, an operating profit of 640.2 billion won ($478 million) in the January-March period, down 95 percent from 14.12 trillion won a year earlier.
The company's net profit income dropped to 1.57 trillion won from 11.32 trillion won in the same period a year earlier, while sales reduced with 18 percent to came 63. 74 trillion won.
The Samsung's chip division reported 4.58 trillion won in losses, its first operating loss since 14 years
Samsung’s first-quarter net income fell 86.1 percent to 1.57 trillion won, the worst in 14 years, blaming slowing consumer spending due to uncertainty over the global economy.
The world's largest memory chip and smartphone maker reported today, Thursday, an operating profit of 640.2 billion won ($478 million) in the January-March period, down 95 percent from 14.12 trillion won a year earlier.
The company's net profit income dropped to 1.57 trillion won from 11.32 trillion won in the same period a year earlier, while sales reduced with 18 percent to came 63. 74 trillion won.
The Samsung's chip division reported 4.58 trillion won in losses, its first operating loss since 14 years
Key words:
SABA Samsung’s - uncertainty - smartphone - Samsung's - operating - company's - division - reported - Thursday - spending -
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