Friday, 20 October, 2017

LG sees best first quarter for almost eight years

Saul Franklin | 09 April, 2017, 03:15

The current record was set in the third quarter of 2013, when Samsung's operating profit hit 10.1 trillion won, Yonhup news agency reported.

The first-quarter operating profit was above the market's earlier estimate of 9.43 trillion won, compiled by Yonhap Infomax, the financial news arm of Yonhap news agency.

In this March 24, 2017 photo, a woman walks past a logo of Samsung Electronics in Seoul, South Korea.

The company delivered first-quarter earnings growth despite not benefitting from sales of the Galaxy Note 7, a high-end device that retailed for almost $900 and long raked in huge profits. A few months later, its de facto heir and several top executives were charged with crimes linked to a political scandal that toppled the country's president.

Riding on an improved performance of its TV and home appliance businesses, LG Electronics Inc. on Friday said its first-quarter operating profit is estimated at 922 billion won ($812.3 million), a market forecast-beating figure.

Choi, a former Samsung Group vice-chairman considered a mentor to Lee, left the conglomerate on March 1 after it dismantled its corporate strategy office - a nerve centre long considered an instrument for the founding Lee family's management of the companies.

West Ham moves toward EPL survival with 1-0 win over Swansea
The Scottish winger laid it in to who unleashed a piledriver from 25 yards that almost broke the net. West Ham manager Slaven Bilic speaking to BBC Sport: "It is a huge win and I congratulate the boys".

US Says North Korean Missile Test Ended in Fiery Crash
In Tokyo, Abe said Trump had reaffirmed that all options are available in dealing with North Korea's nuclear and missile programs. It is likely to be an upgraded version of the submarine-launched missile named "Pukguksong" launched last summer.

Bannon is at Trump's table -- but slipping further away
According to the Daily Beast , the term "cuck" is short for "cucksertive", which is a portmanteau of "cuckold" and "conservative". White House officials downplayed the move, saying it came at the discretion of new national security adviser H.R.

Lee's defence lawyers however said the payments to Choi were charitable contributions for sports and culture development that Samsung was obliged to make under pressure from officials, and not bribes.

Millions of South Koreans taking part in weekly street rallies demanding Park's removal have also called for the arrest of the tycoons involved in the scandal, including the leaders of Hyundai, SK and Lotte.

Hopefully, Samsung will decide to bring this awesome offer to the United Kingdom in the coming months.

Net income and detailed profits in each business units would be unveiled later this month.

It also sees the return of the iris scanner that debuted on the ill-fated Galaxy Note 7 a year ago, meaning buyers can use their eyes to unlock the phone or make purchases on the Google Play Store.

Targeting millennials who are constantly looking for powerful devices, Samsung India on Friday launched its latest smartphone Galaxy C7 Pro which will be sold exclusively on Amazon India from April 11. While supply growth slows due to the difficulties of acquiring high-level chip production technologies, demand for high-performance smartphones and personal computers has continued to grow.

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