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Samsung Q3 profit trebles on memory chips, LCD
2009-10-29
SEOUL (Reuters) - Samsung Electronics (005930.KS), the world's top maker of memory chips and LCD screens, reported on Friday record quarterly net profit on a resurgent memory sector and brisk sales of flat screens and mobile phones. Samsung's July-September net profit rose to 3.72 trillion won ($3.14 billion) from 1.22 trillion won a year ago, beating an average forecast for 3.34 trillion won from Thomson Reuters I/B/E/S. Consolidated quarterly operating profit was 4.23 trillion won, better than a forecast for 3.92 trillion won. The results underscore a V-shape recovery by Samsung, which suffered its first quarterly loss in the fourth quarter last year during the global recession. But the South Korean technology giant may be hit by a recovery in the won and rising competition. (Reporting by Marie-France Han and Rhee So-eui; Editing by Jonathan Hopfner and Anshuman Daga)
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 Sony optimistic on 3-D TVs, in-house display (2009-11-26) | | Sony eyes 3D, networked products to revive growth (2009-11-19) |  Samsung Q3 profit trebles on memory chips, LCD (2009-10-29) | | Mobile phone giant Nokia sues Apple over iPhone (2009-10-22) | | Nokia posts first quarterly loss this decade (2009-10-15) | | Microsoft unveils line of Windows phones (2009-10-06) | | Germany wants a million electric cars by 2020 (2009-08-19) | | Court says ex-Samsung boss guilty over bond deal (2009-08-14) | | Ericsson wins auction for Nortel's wireless assets (2009-07-25) | | Nortel, a fallen Canadian icon, starts asset sales (2009-07-24) | | Microsoft, Nokia hit back at Apple with virtual stores (2009-02-17) | | Samsung unveil first solar-powered phone (2009-02-16) | | First solar-powered phone goes on display (2009-02-16) | | Japan economy shrinks at fastest pace in 35 years (2009-02-15) | | Motorola sees weak quarter, suspends dividend (2009-02-03) | | North Korea preparing for ballistic missile launch: media (2009-02-02) | | Ericsson reports profit drop, to cut 5,000 jobs (2009-01-21) | | U.S. acts to shore up crisis-hit Bank of America (2009-01-16) | | Motorola to cut 4,000 more jobs in 2009 (2009-01-14) | | China issues 3G mobile phone licenses (2009-01-07) | | LG Electronics to introduce broadband HDTV featuring Netflix (2009-01-06) | | Retailers slash prices to entice holiday shoppers (2008-12-26) | | Amazon says 2008 holiday season was 'best ever' (2008-12-26) | | Wal-Mart worker dies after shoppers knock him down (2008-11-28) | | LG, Sharp, Chunghwa fined 585 mln dlrs for price-fixing (2008-11-12) |
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