in q3 2011 samsung lost 23 percent of net profit

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In Q3 2011 Samsung lost 23 percent of net profit

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In Q3 2011 Samsung lost 23 percent of net profit

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POSTER: computer news || IN Q3 2011 SAMSUNG LOST 23 PERCENT OF NET PROFIT

DATE:2011-10-30

According to news agency Bloomberg Businessweek, net income of South Korean industrial giant Samsung on the results of the third quarter 2011 decreased by 23%, to 3.44 trillion ($ 3.1 billion) compared to the same period last year. Revenue for the reporting period (July to September) amounted to 41.27 trillion ($ 37.3 billion), 2.6% higher than that recorded for the third quarter 2010.

The main reason for decline in profits Samsung calls the low demand for products department in charge of displays production for televisions and monitors. This business has brought the company 7.8 trillion ($ 6.4 billion) decreased by 13%. The division for the production of TV sets also show low result: in the third quarter registered a decline of 0.4% to 14.36 trillion won ($ 12.9 billion). The results reflected lower prices for memory chips and memory (for the last 12 months the cost of chip capacity of 2 Mbps decreased to 70%).

The telecommunications division of the company, however increased. Operating income reached a record 2.52 trillion

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IN Q3 2011 SAMSUNG LOST 23 PERCENT OF NET PROFIT
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