Samsung Electronics Co Ltd said its operating profit rose 3per cent in the January to March period, in line with its earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow.
FILE PHOTO: People wears masks in front a Samsung Store at a main shopping area as the country is hit by an outbreak of the new coronavirus in downtown Shanghai, China February 21, 2020. REUTERS/Aly SongSEOUL: Samsung Electronics Co Ltd said its operating profit rose 3per cent in the January to March period, in line with its earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow.
The world's top maker of memory chips and smartphones reported an operating profit of 6.4 trillion Korean won , compared with 6.2 trillion won a year ago and its earlier estimate of 6.4 trillion won.It said its net profit fell 3per cent to 4.9 trillion won, while revenue climbed 5.6per cent to 55.3 trillion won.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung Electronics Q1 operating profit up 3% as chips soften coronavirus blowSEOUL (REUTERS) - Samsung Electronics said its operating profit rose 3 per cent in the January to March period, in line with its earlier estimate, as the stay-at-home trend due to the Covid-19 pandemic cushioned the virus blow.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
UBS posts 40per cent first-quarter net profit rise as transaction levels jumpThe world's largest wealth manager, UBS , reported a 40per cent increase in first-quarter net profit on Tuesday, as clients upped trading activity ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Merck profit rises, cuts 2020 forecast over COVID-19 uncertaintyMerck & Co Inc on Tuesday posted a 10.4per cent rise in first-quarter profit, helped by strong sales of cancer therapy Keytruda, but the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BP's profit tumbles, debt climbs as coronavirus crisis hammers oil demandBP's first quarter profits tumbled by two-thirds as the coronavirus crisis hammered oil demand and the energy major's debt rose sharply as it ... 😟😧😕
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Angry Birds maker Rovio lifts profits with lower costsRovio Entertainment, maker of the 10-year-old 'Angry Birds' mobile game series, on Tuesday reported an almost 75per cent rise in first-quarter ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Google parent Alphabet quarterly revenue beats estimatesGoogle parent Alphabet Inc beat Wall Street estimates for first-quarter revenue on Tuesday, recording 13per cent growth even as companies ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »