Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year.
Visitors try out Samsung Electronics’ Galaxy Z Flip smartphones at its shop in Seoul, South Korea, Tuesday, July 7, 2020. Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home.
The South Korean technology giant will release more detailed information when it announces its finalized earnings later this month. It projected its operating profit during the April-June period will be 8.1 trillion won .After reporting a 3.4% increase in operating profit in the first three months of the year, Samsung said in April it expected its second-quarter profit to decline with the pandemic pushing down sales of smartphones, TVs and other products.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With 2 years left in Duterte's term, where are we on Build, Build, Build?Are we anywhere near the touted 'golden age of infrastructure' now that 4 years of the Duterte administration have gone by? DuterteYear4
Read more »
Magnitude 6.6 earthquake rocks Indonesia; tsunami unlikelyA strong undersea earthquake has hit off the coast of Indonesia’s main island of Java, but no injuries or serious damage were reported immediately.
Read more »
Century Property’s contactless shift boosts salesAntonio family-led Century Properties Group (CPG) reported its residential property sales picked up in the second quarter—the period during which the brunt of pandemic-related lockdown protocols was
Read more »
DOF to ban online sale of ‘sin’ productsMANILA, Philippines — While cigarettes and liquor are enjoying brisk sales online in the time of pandemic and are delivered to the comforts of home of buyers, who may include minors, the
Read more »
Christian Bautista collaborates with Indonesian singer Delon for new single 'We Are Here'Watch Papa Obet's Barangay LS Forever exclusive interview with Indonesian idol runner-up Delon Thamrin and Asia's Romantic Balladeer Christian Bautista about their latest project.
Read more »
COA: P80M funds for various Bantayan projects ‘unutilized’State auditors are now requesting local government officials of Bantayan town in northern Cebu to address around P80 million worth of unutilized funds intended for multiple projects. Read more: CDNDigital
Read more »