Samsung mobile sales, operating profit down in Q1

Tuesday 29 April 2014 | 08:19 CET | News
Samsung reported first-quarter revenues of KRW 53.68 trillion, up slightly from KRW 52.87 trillion a year earlier. The company's operating profit dipped to KRW 8.49 trillion from KRW 8.78 trillion, while net profit rose to KRW 7.57 trillion from KRW 7.15 trillion a year ago. Samsung saw a slowdown at its IT and mobile division, due to seasonality as well as competition and weaker demand in emerging markets. Revenues at the division fell to KRW 32.44 billion from KRW 32.82 trillion, and operating profit was down to KRW 6.43 trillion from KRW 6.51 trillion. Samsung said profits were up and

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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