Samsung Electronics reports 86.1 percent decline in profits for Q1

Prime Minister praises British support for government's efforts to manage the economic hardships

Prime Minister Dr. Ma'een Abdulmalik highly praised the UK's significant support for the Yemen government's ongoing efforts to handle the current challenges, mainly the economic ones, deeply appreciating the British contribution to the regional and international efforts aiming to end the war, establish peace in Yemen.

Palestinian Presidency warns of the danger of Israeli escalation in Al-Aqsa Mosque

The official spokesman for the Palestinian Presidency, Nabil Abu Rudeineh, warned of the dangerous escalation of the Israeli occupation authorities, in the blessed Al-Aqsa Mosque, and the attack on citizens in its squares and in the alleys and lanes of the Old City of Al-Quds.

Oil prices rise after reaching initial agreement regarding the US debt ceiling

Oil prices rose in early Asian trade on Monday after US leaders reached a tentative agreement on the government's debt ceiling, which could prevent a catastrophic default in the world's largest economy and oil consumer.

Barcelona crowned as Spanish League champion 4 rounds before conclusion of the “La Liga”

FC Barcelona won the Spanish Football League title, after defeating its neighbor Espanyol by four goals to two, to settle the struggle for the La Liga title, four rounds before the end of the competition.

Last Update: ، 2023/06/01 Time 06:25:49
Latest News:

Local Administration Minister, UN official discuss implementing sustainable development projects

President al-Alimi receives American Ambassador

Prime Minister praises continuous French support for the government and the Yemeni people

Bin Mubarak meets acting Russian Ambassador

Yemen calls on international community to help it managing natural disasters' risks

Samsung Electronics reports 86.1 percent decline in profits for Q1

[27/04/2023 08:49]

SEOUL-SABA
Samsung’s first-quarter net income fell 86.1 percent to 1.57 trillion won, the worst in 14 years, blaming slowing consumer spending due to uncertainty over the global economy.

The world's largest memory chip and smartphone maker reported today, Thursday, an operating profit of 640.2 billion won ($478 million) in the January-March period, down 95 percent from 14.12 trillion won a year earlier.

The company's net profit income dropped to 1.57 trillion won from 11.32 trillion won in the same period a year earlier, while sales reduced with 18 percent to came 63. 74 trillion won.

The Samsung's chip division reported 4.58 trillion won in losses, its first operating loss since 14 years