View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 30, 2009

Samsung revenue up 9% in Q1

Net profit down 72% to KRW 0.62 trillion

By CBR Staff Writer

Samsung Electronics has reported a 72% fall in net profit to KRW 0.62 trillion ($462m) for the first quarter 2009, compared to KRW 2.2 trillion ($1.64 billion) last year, on revenue up 9% at KRW 18.6 trillion ($13.9 billion).

Operating profit fell 93% to KRW 0.15 trillion ($112m) during the quarter, compared to KRW 2.2 trillion ($1.64 billion) last year. Cash and cash equivalents by the end of the quarter was KRW 4.73 trillion ($3.5 billion).

The company said LCD sales fell 14% to KRW 3.8 trillion ($2.8 billion), while telecoms revenue grew 34% to KRW 8.1 trillion ($6 billion). Semiconductor revenue fell 15% to KRW 3.7 trillion ($2.75 billion) and digital media revenue increased 31% to KRW 2.93 trillion ($2.2 billion).

During the quarter, the company merged its semiconductor and liquid crystal display divisions, and its digital media and telecommunications divisions.

Robert Yi, head of investor relations at Samsung, said: The global economy is likely to continue to recover in the second quarter, but lingering uncertainty means it is difficult to predict a sharp improvement in demand or the business environment in the near term.

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.