S.Korea's Samsung Electronics sees double-digit growth in Q2 operating profit

WorldNews Thursday, 30 July 2020 ()
S.Korea's Samsung Electronics sees double-digit growth in Q2 operating profitSEOUL, July 30 (Xinhua) -- Samsung Electronics, South Korea's tech giant, saw a double-digit growth in its second-quarter operating profit as the COVID-19 outbreak increased demand for semiconductors used for data center and PCs, the company said Thursday. Consolidated operating profit amounted to 8.15 trillion won (6.8 billion U.S. dollars) in the April-June quarter, up 23.5 percent from a year earlier. It marked the highest profit since the fourth quarter of 2018. The spread of COVID-19 caused closures and slowdowns at stores and production sites around the world, but the...

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Samsung Electronics Samsung Electronics South Korean multinational electronics company

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Credit: ANI    Duration: 01:27Published
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Samsung Electronics has announced that Apple Music on Samsung Smart TVs will now feature and display millions of real-time synced lyrics that animate along with the music. Users can easily scroll through a song by flipping through the lyrics, jump to a certain section, skip straight to the chorus or see where they are at in the song whenever they want. "Available on 2018 to 2020 Samsung Smart TV models, Apple Music time-synced lyrics make it easier and more fun than ever for users to sing or rap their hearts out to their favorite songs - or to discover the words of the latest hits," the company said in an official statement. The users can also search for a particular lyric, find the song, and learn the rest of the words simply by hitting play.

Credit: ANI    Duration: 01:29Published
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Samsung Electronics said Tuesday that second-quarter operating profit likely rose 23% as solid chip sales to data centres bulking up in a work-from-home economy offset weak demand for smartphones. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:18Published

South Korea South Korea Country in East Asia

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Equity benchmark indices closed marginally lower on Friday in line with Asian peers following a record contraction in economic data from the United States. The BSE SandP Sensex was down by 129 points or 0.34 per cent at 37,607 while the Nifty 50 slipped by 29 points or 0.26 per cent at 11,073. Sectoral indices at the National Stock Exchange were mixed with Nifty pharma gaining by 3.5 per cent and PSU bank by 1.4 per cent. But Nifty financial service, private bank and auto were in the red. Among stocks, Reliance Industries lost by 1.84 per cent to Rs 2,070 per share on profit-booking, a day after it reported over 30 per cent jump in Q1 net profit at Rs 13,248 crore. Eicher Motors slipped by 2.7 per cent, Bajaj Auto by 1.6 per cent and Hero MotoCorp by 1.2 per cent. HDFC Bank, HDFC and HDFC Life lost by 1.6 per cent, 1.3 per cent and 1.2 per cent respectively. The other prominent losers were Kotak Mahindra Bank, Wipro and Asian Paints. However, Sun Pharma moved up 5.4 per cent to close at Rs 537.80 per share while Cipla witnessed a gain of Rs 5.1 per cent. JSW Steel, State Bank of India, Axis Bank, HCL Technologies and Tata Motors too traded in the green. Meanwhile, Asian shares slid as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment. US GDP collapsed at a 32.9 per cent annualised rate in the second quarter, the deepest decline on record, while jobless claims rose last week. Japan's Nikkei dropped by 2.82 per cent, Hong Kong's Hang Seng by 0.47 per cent and Seoul's Kospi by 0.78 per cent.

Credit: ANI    Duration: 01:17Published

Xinhua News Agency Xinhua News Agency Official press agency of the People's Republic of China

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