Samsung Electronics sales and profits decline in the first quarter

Samsung Electronics sales and profits decline in the first quarter

Seoul

May 16, 2019

Korean Samsung Electronics

On 30 April, 2019 first quarter (Jan-March) announced results (consolidated basis).

amount of sales

52,390 billion won (approximately 5,239.0 billion yen, 1 won = approximately 0.1 yen), down 13.5% from the same period last year,

Operating income

It dropped 60.2 percent to 6,230.0 billion won.

“There was a decline in demand for memory and display panels, and a decline in selling prices, and both sales and operating income decreased,” he said.

-JETRO

https://www.jetro.go.jp/biznews/2019/05/32a57049b6146618.html