[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Last Updated: Friday, 16 July, 2004, 12:17 GMT 13:17 UK
Samsung continues profits drive
Samsung camera phone
Samsung expects a similar level of phone sales in the third quarter
Samsung Electronics has seen profits almost triple in the second quarter from those of a year ago.

Samsung earned 3.13 trillion won ($2.71 bn; 1.46bn) in profit, up from 1.13 trillion a year ago but down from 3.14 trillion in the first quarter.

There were strong sales of memory chips and flat screens, but lower phone prices led to worries growth may slow.

Samsung said it expected to see LCD screen prices drop by 20-30% in the second half, which should boost demand.


The South Korean firm said price falls would be offset by the company's improved productivity and a new line designed to produce large-size LCD TVs.

Samsung Electronics' investor relations head Chu Woo-Sik said the second quarter results were "spectacular".

"All the business sectors of the company performed very well in the second quarter. In particular, the semiconductor sector was at its best."

He said handset sales for the third quarter would be similar to the level of the second quarter, with many major markets near saturation.

The company also expects demand for DRAM chips to grow by 16% on the back of stronger PC sales.

Hot sales drive profit at Samsung
16 Apr 04  |  Business
Samsung unveils surge in profits
15 Jan 04  |  Business
Tech stalwarts deliver the goods
14 Jan 04  |  Business
Falling prices batter Samsung
16 Jul 03  |  Business
Nokia upbeat on mobile sales
16 Oct 03  |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia
UK | Business | Entertainment | Science/Nature | Technology | Health
Have Your Say | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific