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Samsung net profit falls 26.7% in Q4

2015-01-29 08:15:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics reported a fall in fourth-quarter net profit to KRW 5.35 trillion from KRW 7.30 trillion a year earlier. Operating profit dropped to KRW 5.29 trillion from KRW 8.31 trillion, and revenues declined to KRW 52.73 trillion from KRW 59.28 trillion a year ago. Despite the weaker results, Samsung raised its final dividend to KRW 19,500 per share from KRW 13,800 a year earlier. The lower results were due to a sharp fall in sales at its mobile phone business, where quarterly revenues were down 23 percent year-on-year to KRW 25.02 trillion. Operating profit at the communications division fell to KRW 1.96 trillion from KRW 5.47 trillion a year ago. Samsung reported a small decline in its smartphone shipments compared to the third quarter, while its average selling price and profitability improved over the same period thanks to a higher share of high-end phones like the Note 4. Tablet shipments were up compared to Q3, and Samsung also increased revenues from network equipment. The company expects a weaker phone and tablet market in Q1 due to lower seasonal demand. Samsung itself will try to improve earnings and grow smartphone shipments, helped by new models in the A series.

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Asian Paints Consolidated Net Profit for the Quarter Increases Nearly 12%

2015-01-29 06:00:00| Coatings World Breaking News

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Hawaiian Electric Proposes to Drop Net Metering

2015-01-28 18:33:00| Transmission & Distribution World

Hawaiian Electric Co. has asked the Hawaii Public Utilities Commission to allow it to eliminate its net energy metering program. Content Classification:  Curated read more

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CGI Q1 revenue dips but net income, cash flow soar from year earlier

2015-01-28 16:16:25| IT Services - Topix.net

CGI Group says it had $236.3 million of net income in the first quarter of its 2015 financial year, up 24.5 per cent from the year-earlier profit. Net income was equal to 74 cents per diluted CGI share, up from 60 cents per share or $189.8 million a year earlier.

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Marudas Print Services Joins the Thomas Net Team

2015-01-28 11:31:37| Industrial Newsroom - All News for Today

Great News, Marudas Print Services and Promotional Products has joined the Thomas Net Team and we are excited about this new venture! Marudas Print Services is a small, veteran-owned business located in St. Paul, MN.  We have approximately 30 employees, each with their own expertise in the different facets of our...

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