As expected, Samsung has released its Q3 2017 result that ended on September 30, 2017. The Korean giant recorded a revenue of 62.05 trillion Korean won, an increase of 14.23 trillion Korean won YoY while operating profit for the quarter stood at 14.53 trillion Korean won, an increase of 9.33 trillion Korean won YoY. The […]
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OH Kwon to step down as Samsung Electronics CEO
Hot on the heels of Samsung announcing earnings guidance for the last quarter, Samsung Electronics also confirmed that its co-CEO OH Kwon has resigned from his position where he was heading the Device Solutions Business. Kwon will also resign as the CEO of Samsung Display and will not seek re-election as a member of the […]
Samsung releases Q3 2017 Earnings Guidance
Samsung Group’s subsidiary, Samsung Electronics has announced its earnings guidance for the third quarter of 2017. According to the figures based on K-IFRS, Samsung expects consolidated sales to be around 62 trillion won whereas the operating profit to be around 14.5 trillion won. With these estimates, Samsung will beat last year’s quarter by a whisker […]
Samsung heir jailed on corruption charges
Samsung heir, J Y Lee (Lee Jae-yong) who was arrested earlier this year, has now been convicted on charges of corruption. The de-facto head and Samsung Electronics Vice Chairman has been handed five years of jail time for bribery, embezzlement and hiding assets overseas. Although Lee’s lawyers have confirmed that they’ll appeal Seoul court’s decision, […]
Samsung posts Q2 2017 financial result
Samsung today published their Q2 2017 results that ended on June 30, 2017. Samsung recorded a revenue of 61 trillion won, a massive growth of 10.06 trillion won YoY with an operating profit of a record 14.07 trillion won, an increase of 5.92 trillion won YoY. Just like the last few quarters, this quarter’s profit […]