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Samsung Q4 falls on continued price weakness, mitigated by strong mobile business

2020-01-30 09:42:00| Telecompaper Headlines

(Telecompaper) Samsung said revenues for its fourth quarter slipped to KRW 59.88 trillion from 59.27 trillion, with the operating profit decreasing to KRW 7.16 trillion from 10.80 trillion. For the full year revenues went to KRW 230.40 trillion from 243.77 trillion and the operating profit to KRW 27.77 trillion from 58.89 trillion. Capex amounted to KRW 26.9 trillion, including KRW 22.6 trillion spent on semiconductors and KRW 2.2 trillion on displays.

Tags: business price mobile strong

 

Lenzing FY profit falls as firm writes off US engineering costs

2020-01-28 13:15:00| Daily apparel & textile news and comment - from just-style.com

Austrian cellulosic fibre producer Lenzing has reported a drop in its preliminary 2019 figures with both earnings and revenue affected by lower selling prices for standard viscose and the write-off of engineering costs related to its mothballed US lyocell expansion project.

Tags: us costs firm engineering

 
 

Coronavirus fears cause falls on daily limits for US hogs and cattle

2020-01-28 10:25:00| ThePigSite - Industry News

US hog and cattle contracts fell on their daily trading limits on 27 January, hitting multi-month lows on fears about the spread of a coronavirus in China.

Tags: us daily falls limits

 

Department store Beales falls into administration

2020-01-21 14:19:00| Daily apparel & textile news and comment - from just-style.com

British department store retailer Beales has become the latest to fall into administration, putting more than 1,000 jobs at risk if a buyer or new investment can't be found.

Tags: store department administration falls

 

UK inflation rate falls to three-year low

2020-01-15 11:33:18| BBC News | Business | UK Edition

The slower rate of price increases comes as the Bank of England considers whether to cut interest rates.

Tags: low rate falls inflation

 

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