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Samsung Q1 profit slips despite higher smartphone shipments
2015-04-29 09:12:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said revenues for the first quarter fell to KRW 47.12 trillion from 53.68 trillion the year before, with the operating profit sliding to KRW 18.16 trillion from 21.63 trillion and the net profit going lower to KRW 4.63 trillion from 7.57 trillion. Revenues went down to KRW 10.26 trillion from 11.32 trillion for Consumer Electronics (CE) and to KRW 25.89 trillion from 32.44 trillion at IT & mobile communications (IM). At Display Panel (DS), revenues lifted to KRW 17.10 trillion from 15.56 trillion. Samsung said smartphone shipments increased quarter-on-quarter, led by mid to low end products although its average selling price (ASP) declined. Network revenue declined from Q4 due to decreased investment in LTE network by overseas carriers. Looking forward, Samsung expects smartphone and tablet demand to stagnate in the second quarter due to continued weak seasonality. Profit should improve on the back of increased high-end sales, although marketing expenses will also increase. For the full year, product and marketing competition will increase amid a slowdoan of smartphone growth. Samsung added that demand might weaken due to negative forex effects.
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Celadon sees big rise in quarterly revenue, profit
2015-04-29 09:03:06| Trucking - Topix.net
Celadon Group Inc. saw a big jump in profit in its latest quarter as revenue surged, the Indianapolis trucking company said Tuesday.
Handelsbanken posts flat net profit
2015-04-29 08:29:41| Appliances - Topix.net
Swedish lender Svenska Handelsbanken AB Wednesday said it expanded further in the U.K. and Netherlands in the first quarter as it reported an unchanged year-on-year net profit, driven by a rise in net interest income but offset by higher staff costs. Net profit at the Stockholm-based bank was 3.91 billion Swedish kronor in the three months ended March 31, same as in the comparative period last year.
UPS first quarter profit up 14 percent to more than $1 billion
2015-04-29 08:24:23| Air Courier - Topix.net
In this June 20, 2014 photo, United Parcel Service driver Marty Thompson carries boxes off his truck while making a delivery in Cumming, Georgia. UPS Inc. reported quarterly financial results before the market opened Tuesday, April 28, 2015.
Samsung's profit hit by bigger iPhones, sinks 39 percent
2015-04-29 06:25:02| Electronics - Topix.net
A student tries out Samsung's gear product at its showroom in Seoul, South Korea, Wednesday, April 29, 2015. Samsung Electronics Co.
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