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Samsung's Q4 profits jump 76%, warns for smartphone slowdown
2013-01-25 02:54:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics saw its fourth-quarter profit jump 76 percent to KRW 7.04 trillion from KRW 4.01 trillion a year earlier. Sales rose 19 percent to KRW 56.06 trillion. The mobile communications division was the main contributor, growing sales 58 percent to KRW 27.23 trillion. The growth was mainly driven by solid sales of the Galaxy S III and Galaxy Note II. For 2013, Samsung expects intensified competition amid smartphone growth slowdown, and for the tablet market, the company foresees more competition as well as strong growth with emerging market expansion. Profitability of the network and IT division decreased due to intensified price competition, while sales of LTE equipment and notebooks in overseas markets increased. At the semiconductor division, sales grew 5 percent year-on-year to KRW 9.59 trillion due to the differentiated product mix but memory sales were down 2 percent to KRW 5.33 trillion. The consumer electronics division saw sales slip by 1 percent to KRW 13.95 trillion and display panel sales fell 9 percent to KRW 7.75 trillion as TV panel sales declined.
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Netflix wins back Wall Street, shares jump 42 percent
2013-01-25 02:51:36| Apparel - Topix.net
Netflix Inc impressed Wall Street with a surprisingly strong holiday quarter that eased near-term concerns about its costly international expansion and its movie and TV bill, sending its shares skyrocketing 42 percent.
Orange County car sales jump 24 percent
2013-01-22 19:57:54| Auto Dealers - Topix.net
Driven largely by an improving economy and low interest rates, new light-vehicle registrations rose nearly 24 percent during the past year, according to an annual report by the Orange County Automobile Dealers Association.
Huawei sees 33% jump in profit
2013-01-21 07:43:59| BBC News | Business | UK Edition
Chinese phone equipment maker Huawei forecasts a 33% jump in profit boosted by strong performance in markets such as Europe and Japan.
AB Foods Hails Outstanding\' Primark as Chain\'s Sales Jump
2013-01-18 09:06:40| Sugar Industry News
Associated British Foods Plc (ABF) said an outstanding performance from the Primark budget-clothing chain drove business ahead of its expectations in the financial year to date, boosting the shares the most in 18 months.
Tags: sales
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