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Samsung Q1 profits fall on weak memory, display results, lower smartphone sales

2019-04-30 08:42:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics confirmed a sharp fall in profit in the first quarter, hurt by the drop in memory chip prices, losses at its display business and lower margins in smartphones after a revamp of its lower-end models. Samsung said it expects memory and display demand to improve from the second half of the year, but the smartphone and TV business will remain "challenging" due to the intense competition and uncertain economic environment.

Tags: results sales display lower

ZTE returns to profit in Q1, revenues fall 19%

2019-04-29 14:15:00| Telecompaper Headlines

(Telecompaper) ZTE confirmed a return to net profit in the first quarter, at CNY 863 million compared to a loss of CNY 5.4 billion a year earlier. The result was at the low end of its outlook of CNY 0.8-1.2 billion, and ZTE said it expects the result to reach a profit of CNY 1.2-1.8 billion over the first half of 2019, versus a loss of CNY 7.8 billion a year earlier.

Tags: fall returns profit revenues

China Telecom Q1 revenues fall 0.5% on sharp drop in handset sales

2019-04-29 12:30:00| Telecompaper Headlines

(Telecompaper) China Telecom reported a small decrease of 0.5 percent in first-quarter revenues, to CNY 91.53 billion, hurt by a sharp fall in handset sales. EBITDA increased 14.1 percent to CNY 30.24 billion, helped by the new accounting standards and lower operating costs, and net profit rose 4.5 percent to CNY 5.96 billion.

Tags: sales china fall drop