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LG Electronics Reports 3.7 Pct Decline in Q3 Profit on Smartphone Losses

LG Electronics Reports 3.7 Pct Decline in Q3 Profit on Smartphone Losses

SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics Inc. said Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, hit by sluggish sales in its money-losing smartphone business.  LG said in a regulatory filing that the operating profit for the July-September quarter stood at 283.2 billion won (US$250.9 million), compared with a [...]

Samsung Electronics Estimates Q3 Operating Profit to Rise 5.55 Pct

Samsung Electronics Estimates Q3 Operating Profit to Rise 5.55 Pct

SEOUL, Oct. 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its third-quarter operating profit may rise 5.55 percent on year, despite a global recall of the Galaxy Note 7 smartphones.  Operating profit is estimated at 7.8 trillion won (US$6.98 billion) in the July-September period, compared with 7.39 trillion won for the same quarter [...]

LG Electronics Posts Big Jump in Q2 Profit on Strong Sales of Home Appliances

LG Electronics Posts Big Jump in Q2 Profit on Strong Sales of Home Appliances

SEOUL, July 28 (Korea Bizwire) – LG Electronics Inc. posted its biggest quarterly operating profit in two years for the second quarter of this year, backed by strong sales of its home appliances and televisions.  LG Electronics reported an operating profit of 584.6 billion won (US$519.6 million) in the April-June period, up 139.5 percent from [...]

Samsung Further Narrows Gap with Apple in Operating Profit Margin

Samsung Further Narrows Gap with Apple in Operating Profit Margin

SEOUL, July 8 (Korea Bizwire) – The gap in the operating profit margins of South Korean tech giant Samsung Electronics Co. and its U.S. rival Apple Inc. is estimated to have further narrowed to single-digit percentage points in the second quarter of this year, market data suggested Friday.  Samsung Electronics estimated Thursday that its sales [...]

Samsung Electronics Estimates Q2 Operating Profit at 8.1 Trillion Won

Samsung Electronics Estimates Q2 Operating Profit at 8.1 Trillion Won

SEOUL, July 7 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. estimated Thursday that its second-quarter operating income increased more than 17 percent from a year earlier on the back of robust sales of its flagship smartphones such as the Galaxy S7 series.  Operating profit is estimated at 8.1 trillion won (US$6.98 [...]

Samsung’ Q2 Profit Falls 8 Pct on Weak Smartphone Sales

Samsung’ Q2 Profit Falls 8 Pct on Weak Smartphone Sales

SEOUL, July 30 (Korea Bizwire) — Samsung Electronics reported a near 8 percent drop in second-quarter net profit Thursday as its smartphone business continued to suffer in the face of stiff competition from Chinese rivals. Net income came to 5.75 trillion won (US$4.95 billion) in the April-June period, 7.97 percent down from 6.25 trillion won a [...]