South Korean company Samsung Electronics today announced its consolidated financial and operating performance over the past first quarter of 2009, ended it on 31 March. The Company's revenues for the period amounted to 28.67 trillion. Korean Won (more than $ 21.3 billion), which compared with the previous quarter fell by 13%.
But the company stressed that its operating profit for the period amounted to 470 billion won, while the prior quarter loss was recorded at 740 billion won. Net profit of the company in 1 st quarter was 620 billion won.
Despite the extremely difficult market conditions, states the company Samsung, it was able to quickly restore growth after the crisis for the fourth quarter of 2008, has supported prices for semiconductors, increased profit margin on mobile phones, as well as closely monitor the marketing and other expenses.
Division of the company, a manufacturer of mobile phones, noted the record growth in profit, which in the 1 st quarter was 11% compared to 1% in the past. Consolidated revenues of telecommunications unit was 9.77 trillion. won, while operating profit - 1.12 trillion. won. Manufacturer of mobile phones also noted that in the first quarter of the number of phones sold at the maintenance level, even despite the general downturn in the market of mobile phones. These achievements have company associates in connection with the conclusion of new models in segments of medium-and high-price class, enabling it to increase prices.
Samsung predicts that while the overall demand for mobile terminals will remain weak in the second quarter, consumer demand for smartphones, devices with touch screens and support for 3G networks will increase slightly. The company aims to continue to conquer the market of mobile phones brought to market new high-end models of mobile phones, a strong marketing policy in cooperation with mobile operators.
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