Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Samsung Digital Appliances Reports Strong 2Q With Help from AC Demand
Aug 1, 2012
 Printable format
 Email this Article
 Search

Samsung Electronics Co. announced revenues of 47.60 trillion Korean won (approx. US$42 billion) on a consolidated basis for its second quarter, a 21% increase year-on-year. Samsung's consolidated operating profit for the quarter was at a record high of 6.72 trillion won, up 79% year-on-year. Consolidated net profit for the quarter (April-June 2012) was 5.19 trillion won (approx $4.6 billion).

Samsung's Consumer Electronics Division, encompassing its Digital Appliances businesses and Visual Display business - reported 2Q revenue of 12.15 trillion won (approx. $10.7 billion), up 7% from 2Q 2011. The Consumer Electronics Division's operating profit was 760 billion won (approx 670 million), up 66% from the same period last year.

Samsung said TV demand was flat but the company posted improvements in shipments and profitability. The company increased sales in developed markets for its premium TVs and expanded region-specific LED TV models in emerging markets.

In the Digital Appliances business, sales of air-conditioners rose, helped by strong seasonal demand and favorable market conditions in emerging markets. In the third quarter of 2012 Samsung will focus on expanding sales of premium products and stabilizing overseas operations in the face of a possible slowdown in emerging markets and weak consumer sentiment in developed markets.

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows