KXIP vs KKR Live Score

Korea posted record exports for semiconductors and OLED displays in the first quarter, its trade ministry said last week, without naming the manufacturers.

The global memory chip leader said first-quarter operating profit was likely 9.9 trillion won (RM39.02 billion), compared with an average forecast of 9.4 trillion won from a Thomson Reuters survey of 18 analysts.

Samsung won't provide net income or break out divisional performance until it releases final results later this month. Samsung scrapped its flagship smartphones previous year after they overheated and caught fire, leaving billions of dollars in financial damages and hurting its reputation.

Samsung's earnings preview comes as its de facto leader stands trial on corruption charges linked to the scandal that led to impeachment of the country's president.

Samsung Electronics' operating profit is forecast to reach 13 trillion won in the second quarter of this year, an all-time high if achieved, according to Kim Sun-woo, an analyst at Meritz Securities.

Samsung posted its best operating profit in the third quarter of 2013 when it earned 10.2 trillion won.

Judge rejects Justice Department request to delay Baltimore police hearing
Several speakers denounced racist and discriminatory policing affecting black residents in Baltimore. Many shared harrowing stories of police abuse to make clear how necessary such reforms are.

Samsung's sales over the cited period edged up 0.44 percent to 50 trillion won, the data also showed.

Lee Jae-Yong, the vice-chairman of Samsung Electronics, was brought into the Seoul Central District Court bound and handcuffed.

Song said Samsung was unaware of Park's friend, Choi Soon-sil, until after the scandal over their relationship and allegations of influence-peddling surfaced late past year. Prosecutors allege the money was given to obtain government backing for a contentious merger of two Samsung companies in 2015 that served as a key step in passing corporate control to Lee from his ailing father. Lee has denied wrongdoing.

Growing demand for more firepower from devices such as smartphones and servers have also helped push up margins for Samsung and its rivals in recent quarters.

Samsung is due to give more details of its financial results later this month. Analysts said strong demand for mobile chips and displays for smartphones fueled stellar profit. That overshadowed Samsung reporting quarterly profit of almost $9 billion - its highest in more than three years - and the start of pre-orders in South Korea for its newest flagship smartphone.

(AP Photo/Lee Jin-man). A woman walks by an advertisement of the Samsung Electronics Galaxy S8 and S8+ smartphone in Seoul, South Korea, Friday, April 7, 2017. The S8 was its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.


COMMENTS