English Samsung Electronics Q1 Operating Profit Down 95.5% from Last Year.... "Demand is expected to weaken in Q2"
[NewsSpace=JeongYoung Kim] Samsung Electronics announced on April 27 that it posted sales of KRW 63.7454 trillion and operating profit of KRW 6.402 billion in the first quarter of this year based on consolidated standards. The company's semiconductor division recorded a quarterly deficit for the first time in 14 years since the first quarter of 2009, when it was hit by the global financial crisis. The explanation given by Samsung Electronics was that the overall purchasing sentiment was weakened due to global economic uncertainty and a slowdown in the economy, resulting in a 9.5% decrease