Samsung today released their earnings guidance for their recently concluded Q2 2017. As per estimates based on K-IFRS, Samsung’s consolidated sales is at around 60 trillion won and the consolidated operating profit is at around 14 trillion won mark. Samsung is seeing an upward trend for its earnings and the estimate looks much better year-on-year […]
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Samsung rides high in Q1 2017, thanks to components biz
Samsung today published their Q1 2017 results that ended on March 31, 2017. Samsung recorded a revenue of 50.55 trillion won, a growth of 0.77 trillion won YoY with an operating profit of 9.90 trillion won, an increase of 3.22 trillion won YoY. The quarter’s profit surge was a result of the components business, specifically […]
Samsung releases Earnings Guidance for Q1 2017
Samsung today released its earnings guidance for the Q1 2017 that ended in March 2017. According to the estimates based on K-IFRS, Samsung’s consolidated sales is around 50 trillion won while the consolidated operating profit is at around 9.9 trillion won mark. The estimate in comparison looks better year-on-year and slightly more than what Samsung […]
Samsung ordered to pay $11.6m to Huawei
Samsung’s legal battle against Huawei in China took a new turn today as Quanzhou Intermediary Court in China today ordered three Samsung subsidiaries to pay 80 million yuan ($11.6 million) to Huawei technologies. The court rules that Samsung did infringe on Huawei’s patent and is first of the rulings in multiple lawsuits. As expected, Huawei […]
Samsung’s JY Lee will be indicted for bribery
Samsung’s JY Lee (Lee Jae-yong) will soon be indicted, according to the news report emerging from South Korea. The de-facto head will be charged for bribery that involves South Korea’s impeached President GH Park. Earlier this month, JY Lee was arrested after the prosecutors suspected him of giving or promising the president’s friend a bribe […]