Trial of Samsung heir focuses on father-to-son succession

The hefty profits highlight Samsung's resilience after the embarrassing recall of its fire-prone Note 7 smartphone previous year.

Operating profit was 9.9 trillion won (8.7 billion US dollars) in the January-March quarter, up 48.2 percent from a year earlier.

The estimated revenue during the same period came in at 14.66 trillion won, up 0.7 percent on-year, the company said.

LG posted its highest ever profit back in the second quarter of 2009 of 1.24 trillion won.

Samsung Group chief Jay Y. Lee arrives at a court in Seoul, South Korea, April 7, 2017. Samsung was forced to recall it late past year after reports of the device overheating and exploding.

Demand for Samsung's essential components has remained robust during the explosion of internet-connected devices, which need memory chips to operate or store content, and a growing consumer preference for sleeker smartphones.

KFC Says Goodbye to Antibiotics
PIRG, as well as from a coalition of British and U.S. shareholders with more than $2 trillion in assets under management. Poultry suppliers who supply the company's 4,200 restaurants have until the end of 2018 to meet the new requirements.

Lee has accepted the responsibility of making the payments; however, he has denied any wrongdoing, saying the business firm was put under pressure by Park's network to pay the huge sums to the non-governmental funds linked to the then-president. It is scheduled to give more details including quarterly net profit later in the month. The current record was set in the third quarter of 2013, when Samsung's operating profit hit 10.1 trillion won.

Samsung did not announce the performance of each business division.

The management shakeup, so far, has had nearly no effect on Samsung's finances, and appears to have done little to erode consumer confidence in the company, say analysts.

Lee's arrest had raised concerns among conglomerates, called chaebol here, about the possible negative effect on Samsung's businesses, but it proved to be an unnecessary anxiety as seen in the better-than-forecast first-quarter earnings result. Memory chip sales increased but its own smartphone sales declined on the year, apparently due to the delayed release of the high-end Galaxy S8.

The quarterly earnings preview show that how Samsung's business is booming while its stock trade near historic highs, despite unprecedented crises in recent months. The S8 was its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.

Related News:

  • Venezuelans called to flood streets in anti-Maduro protest

    Venezuelans called to flood streets in anti-Maduro protest

    In contrast, past demonstrations were planned weeks head to guarantee high turnout. He said followers of "little Capriles" were seeking a bloodbath.

    Kushner failed to mention meetings with Russians in FBI disclosure form

    Since the line "I don't know what it means to be complicit", Merriam-Webster reports that "complicit" after Trump's interview. At the bottom of the screen, in between two Bannon heads, the words "TOTAL CUCK MOVE" appeared as Colbert smirked and pointed.
    Jared Kushner omits some foreign contacts on security form

    Jared Kushner omits some foreign contacts on security form

    Both he and Priebus also played key roles in the failed effort to push through a House bill to repeal Obamacare last month. If you would like to discuss another topic, look for a relevant article . "He has to get that house in order".
  • Airstrikes on Syria might also send message to North Korea

    Airstrikes on Syria might also send message to North Korea

    Navy carrier group headed to the Korean Peninsula amid signs that Pyongyang is preparing for a sixth nuclear test. Trump ordered the strike in Syria in response to a deadly chemical weapons attack on Syrians.
    North Carolina defeats Gonzaga for redemption in national championship

    North Carolina defeats Gonzaga for redemption in national championship

    North Carolina's Roy Williams is in his ninth Final Four and fourth championship game, two of which were titles in 2005 and '09. It took all the rhythm out of the game and played a pretty big role in why neither team was able to find a groove offensively.

    Russell Westbrook's Triple-Double Season Is Greater Than Oscar Robertson's

    Russell Westbrook started the game 0-for-11 from the field while totaling a whopping six turnovers in the first half. Rockets guard James Harden finished one rebound shy of a triple-double with 33 points, 12 assists and nine rebounds.
  • Pearl Jam, Tupac, Yes, Journey to be inducted into Rock Hall

    The event will honor the late rap star Tupac Shakur, along with Joan Baez, Electric Light Orchestra, Journey, Pearl Jam, and Yes. ELO, which kicked off the show with Berry's Roll Over Beethoven . and progressive British rockers Yes were also inducted Friday.
    UN Security Council strongly condemns N.Korea missile test

    UN Security Council strongly condemns N.Korea missile test

    It flew a distance of around 60 kilometers (37 miles) and flew as high as 189 kilometers (117 miles), South Korean officials said. More recently, North Korea failed in an attempt to fire a missile off its east coast after it exploded shortly after launch.

    Liverpool should be more like Chelsea - Klopp

    Liverpool striker Divock Origi admits that he expected the race for a top-four spot in the Premier League to be tight this season. It was too central to Boruc, though, and the Bournemouth keeper made a fairly comfortable save.
  • Molina: 'Dumb' to Ask About Substance on Chest Protector

    Molina: 'Dumb' to Ask About Substance on Chest Protector

    The Gold Glove catcher gave a bemused look and smiled. "I haven't seen that one before", Cardinals manager Mike Matheny said. Schwarber got carted off Chase Field during Game 3 previous year with what was supposed to be a season-ending injury.
    Stone-pelters fighting for nation, says Farooq

    Stone-pelters fighting for nation, says Farooq

    Abdullah has also said that if India and Pakistan can not resolve their issues, then the United States should come forward and facilitate the resolution between the two countries as a third party.
    Federal judge issues injunction against Missouri abortion laws

    Federal judge issues injunction against Missouri abortion laws

    The Hyde Amendment, a budget amendment passed every year since 1976, specifically bans directing federal funds to abortion. Supporters of the mandate plan on urging Indiana Attorney General, Curtis Hill, to make an appeal.


Most liked

Brexit Talks to Prove Difficult, 'Confrontational' - EU Council Chief
Tusk also said the European Union would honour all its commitments, and stressed that Britain would have to as well. The EU guidelines make clear there can be no talks on the shape of any future relationship at this stage.

Armed fugitive sets vehicle on fire, sends Trump 161-page manifesto
Delavan-Darien schools will be open Friday, but, will be in a general or soft lockdown situation again as a precautionary measure. At the recommendation of local law enforcement, the district entered the soft-lockdown with students and staff for the afternoon.

Smith homer powers Orioles past Yankees
Drake, side-armer Darren O'Day, left-hander Donnie Hart, right-hander Brad Brach and Britton combined to allow just three hits. For the third straight game, the Orioles bullpen held the opposition scoreless, and gave the offense a chance to catch up.

Recent developments bode well for India in area of mental health
From being some of the happiest people on earth, Nigerians have slumped to the rank of the most depressed in Africa. With the right support and care, most people who experience depression will recover and live great lives.

Thompson scores huge Davis Cup upset
The bearded American produced some brilliant reflex volleys and piercing returns to get the visitors right back in the contest. I'll be out there for some of Thommo's match and I think it's a good match up with him against Sock.

Kevin Durant will start Warriors' final three games
The team's training staff and coaches will monitor Durant, but there is no plan for a firm restriction on playing time . Durant can take the last three games of the season, and the first round of the playoffs, to slide back into a grove.

Your Amazon Fire TV is about to get way better
Now, imagine sharing your name with two of the world's most popular voice-activated Assistants, Amazon's Alexa and Apple's Siri. TV viewers will be able to speak to Alexa through a microphone built into the device's remote control.

UN strongly condemns North Korea's latest missile launch
Most of North Korea's missiles use liquid propellant, which usually must be added on the launch pad before the weapon is fired. Pacific Command said in a statement around the same time that initial assessments showed the missile was a mid-ranged KN-15.

Phil Mickelson's gambler pal convicted: 'I'm in total shock'
But the Securities and Exchange Commission accused Mickelson in a civil lawsuit of making almost $1 million in the stock trade. As the verdict was returned on 10 counts of conspiracy, securities fraud and wire fraud, Walters shook his head repeatedly.

Flood warning issued for Tiffin River near Stryker
All storms will be gone by sunrise Monday leaving a dry day with highs in the 70s so not a bad day for the Royals home opener. The Pawcatuck River in Southeastern Connecticut is already around 1 foot above flood stage and minor flooding is occurring.

Jehovah's Witnesses face ban in Russian Federation
The Justice Ministry in Moscow has been investigating the Jehovah's Witnesses' Russian headquarters near St. Petersburg over the previous year and claimed it discovered violations of a Russian law banning extremism.

Anthony Johnson: 'DC didn't break me; I broke myself'
After the fight, Cormier admitted that the follow-up was what hurt him - not the initial knee. We really didn't see anything new or surprising out of Cormier in those two appearances.

Misbah to sign off from worldwide cricket following Test series against Pakistan
Misbah has played 72 Test matches so far, scoring 4951 runs and is now seventh on the list of Pakistan's highest Test run-getters. However, there was a sigh of relief when he said that he was yet to hang his boots and will continue playing at domestic level.

Sensex slips 47 points as RBI holds policy rate
The RBI left the short-term lending rate or repo rate unchanged at 6.25 per cent, and the cash reserve ratio static at 4 per cent. The Sensex at the BSE closed 47 points or 0.16 per cent down at 29,927 while the NSE Nifty ended three points lower at 9,262.

Misbah-ul-Haq to retire from internationals after West Indies tour
West Indies vs Pakistan ODI Series schedule (all matches in Guyana): 1st ODI (April 7), 2nd ODI (April 9), 3rd ODI (April 11). Misbah has the record of being Pakistan's skipper in most Test matches.