Most Popular
-
1
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
2
Seoul blanketed by heaviest Nov. snow, with more expected
-
3
Seoul snowfall now third heaviest on record
-
4
NewJeans to terminate contract with Ador
-
5
Samsung shakes up management, commits to reviving chip business
-
6
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
7
How $70 funeral wreaths became symbol of protest in S. Korea
-
8
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
-
9
Why cynical, 'memeified' makeovers of kids' characters are so appealing
-
10
BOK makes surprise 2nd rate cut to boost growth
Samsung Electronics Co., the world's top memory chip and liquid crystal display (LCD) panel maker, said Friday that its first-quarter earnings fell 30.3 percent on-year, hurt by weak demand for TVs and PCs that eroded component prices.
Net profit reached 2.78 trillion won (US$2.59 billion) in the January-March period, compared with 3.99 trillion won during the same period a year earlier, the company said in a regulatory filing.
The first-quarter bottom line was lower than a market consensus of 2.9 trillion won, according to analysts polled by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Sales rose 6.8 percent on-year to 36.99 trillion won in the three-month period, while operating profit dropped 31.9 percent to 2.95 trillion won, which was in line with Samsung's earnings guidance released earlier this month. (Yonhap News)
