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Tag: operating
Samsung Operating Profit Dips 18% in Q4
2014-01-25 16:17:17| Semiconductors - Topix.net
Samsung Electronics Co., Ltd. today announced revenues of 59.28 trillion Korean won on a consolidated basis for the fourth quarter ended December 31, 2013, which is an increase of 0.3 percent quarter-on-quarter.
Tags: operating
samsung
profit
q4
Samsung Q4 operating profit lower as smartphone sales slow
2014-01-24 08:56:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a drop in fourth-quarter operating profit, as the company increased marketing in an attempt to fight off growing competition in the smartphone and tablet market. While revenues increased to KRW 59.28 trillion from KRW 56.06 trillion a year earlier, operating profit dropped to KRW 8.31 trillion from KRW 8.84 trillion. Net profit still improved slightly, to KRW 7.30 trillion from KRW 7.04 trillion a year ago. At the IT & Mobile division, revenues rose to KRW 33.89 trillion from KRW 30.71 trillion in the year-earlier period, while operating profit was flat year-on-year and down 18 percent from Q3, to KRW 5.47 trillion. Samsung said smartphone demand increased worldwide due to the holiday season, and tablet demand was much stronger due to a wide range of promotions. However, the company's own smartphone shipments were "slightly" lower on a sequential basis, which Samsung attributed to year-end inventory adjustments and a strong Q3. Samsung tablet shipments were up sharply from the previous quarter, driven by strong sales of the new Galaxy Tab 3 and Note 10, the company said. For 2014, Samsung expects competition to intensify in the feature phone market, as the migration to smartphones accelerates. The smartphone market will be driven by the transition to LTE in Europe and China and demand from emerging markets, and the company plans new mid-range and high-end products to target these areas. Rapid growth is also expected to continue in the tablet market, although Samsung expects both phones and tablets to be weaker in Q1 due to the usual seasonal slowdown.
Tags: sales
lower
operating
slow
LSI Industries Inc. Reports Operating Results for the Second Quarter...
2014-01-23 19:16:36| Furniture - Topix.net
CINCINNATI , Jan. 23, 2014 -- LSI Industries Inc. today : reported second quarter net sales of $76,123,000 , an increase of 7% as compared to $71,082,000 in the same period of the prior fiscal year; reported second quarter net income of $870,000 or $0.04 per share as compared to a net loss of $ or $ per share for the same period of the prior fiscal ... (more)
Tags: results
second
reports
operating
Tervita Corporation Announces First Chief Operating Officer, Executive Team Changes
2014-01-17 16:06:56| Waste Management - Topix.net
Tervita Corporation today announced the appointment of Chris Synek as its first chief operating officer, among other changes to the executive team.
Tags: team
corporation
operating
executive
Geothermal plant now operating in Hidalgo County
2014-01-16 15:25:17| Energy - Topix.net
A new geothermal plant located in southwestern New Mexico is providing electricity to PNM Resources, the state's largest utility.
Tags: county
operating
plant
hidalgo
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