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.
Trump to NY Times: Susan Rice May Have Committed a Crime
President Trump addresses a joint news conference with Jordan's King Abdullah II in the Rose Garden of the White House on April 5. President Trump has tried to turn attention related to the investigation of Russian meddling in the US election toward her.
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.
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.
Watford have not conceded in the last two games - their first consecutive clean sheets in the Premier League since October 2016. After 18, 20 minutes we read the game very well, started to control it, create a lot of chances.
The destruction of ISIS is still the primary goal of USA policy in Syria, Secretary of State Rex Tillerson said Sunday. The move immediately prompted a backlash from Russian President Vladimir Putin, who said it would damage U.S.
Leisure and hospitality payrolls increased 9,000, a third of February's job gains, as employment at amusement parks fell 6,900. In March, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $21.90.
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.
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.
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.
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.
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.
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.
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.
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.
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.
AP WAS THERE: US Congress declares war during WWI
Mexico would recover land lost to the United States in an earlier war, including Texas, in exchange for German gold and weapons. Secondly, the war had benefited the US economy and given birth to the world's most powerful military-industrial complex.
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.
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.
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.
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.
Kyle Lowry returns, Raptors beat Pistons 105-102
He was asked post-game for a self-assessment. "It's something I'm looking forward too, I'm real excited for it". "I'm dead. The best part about Lowry's absence, though, is that they didn't just rest on their laurels and fall apart without him.
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.
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.