|
By: Richard Del Cazzo
Web site: http://www.hdtv-hdtv.com
Samsung SDI, the world's second-largest maker of plasma-display
panels, said Tuesday that first-quarter net income jumped
69 percent to a record on rising demand for flat-screen televisions.
Net income rose to 230.8 billion won, or $200 million, compared
with 136.5 billion won a year earlier, the company said in
a regulatory filing to the Korean stock exchange. SDI was
forecast to earn 194.5 billion won, according to a Thomson
Financial survey of analysts.
Samsung SDI's "profit trend will probably keep going
until at least the second quarter," said Kim Kyeong Seob,
a manager at KB Investment Trust Management. First-quarter
profit "was slightly more than expected in the market."
As consumers replace traditional big-screen TVs with slimmer
ones that can be hung on walls, Samsung SDI doubled its capital
spending budget in an effort to overtake Fujitsu Hitachi Plasma
Display of Japan as the world's largest maker of plasma-display
panels this year.
Group operating profit, which includes earnings from overseas
affiliates, rose 75 percent to 310.4 billion won from 177.9
billion won, while sales gained 34 percent to 2.22 trillion
won from 1.65 trillion won, the company said.
The global market for plasma displays jumped 84 percent to
$1.87 billion in the first quarter, compared with $1.01 billion
a year earlier, according to Isuppli, a market researcher.
The market will probably grow 70 percent from the year-earlier
period to $1.92 billion in the second quarter, according to
Isuppli.
Samsung SDI's first-quarter plasma sales more than tripled
to 278 billion won from 78 billion won a year earlier, the
company said. Revenue from sales of rechargeable batteries
rose to 110 billion won from 68 billion won, it said.
Revenue from sales of cathode-ray tubes, or glass-tube screens,
fell to 1.06 trillion won from 1.1 trillion won in the fourth
quarter, the company said, without giving year-earlier comparisons.
SDI topped its previous profit record of 217.8 billion set
in the fourth quarter.
Bloomberg News SEOUL Samsung SDI, the world's second-largest
maker of plasma-display panels, said Tuesday that first-quarter
net income jumped 69 percent to a record on rising demand
for flat-screen televisions.
Net income rose to 230.8 billion won, or $200 million, compared
with 136.5 billion won a year earlier, the company said in
a regulatory filing to the Korean stock exchange. SDI was
forecast to earn 194.5 billion won, according to a Thomson
Financial survey of analysts.
.
Samsung SDI's "profit trend will probably keep going
until at least the second quarter," said Kim Kyeong Seob,
a manager at KB Investment Trust Management. First-quarter
profit "was slightly more than expected in the market."
As consumers replace traditional big-screen TVs with slimmer
ones that can be hung on walls, Samsung SDI doubled its capital
spending budget in an effort to overtake Fujitsu Hitachi Plasma
Display of Japan as the world's largest maker of plasma-display
panels this year.
Group operating profit, which includes earnings from overseas
affiliates, rose 75 percent to 310.4 billion won from 177.9
billion won, while sales gained 34 percent to 2.22 trillion
won from 1.65 trillion won, the company said.
The global market for plasma displays jumped 84 percent to
$1.87 billion in the first quarter, compared with $1.01 billion
a year earlier, according to Isuppli, a market researcher.
The market will probably grow 70 percent from the year-earlier
period to $1.92 billion in the second quarter, according to
Isuppli.
Samsung SDI's first-quarter plasma sales more than tripled
to 278 billion won from 78 billion won a year earlier, the
company said. Revenue from sales of rechargeable batteries
rose to 110 billion won from 68 billion won, it said.
Revenue from sales of cathode-ray tubes, or glass-tube screens,
fell to 1.06 trillion won from 1.1 trillion won in the fourth
quarter, the company said, without giving year-earlier comparisons.
SDI topped its previous profit record of 217.8 billion set
in the fourth quarter.
Bloomberg News SEOUL Samsung SDI, the world's second-largest
maker of plasma-display panels, said Tuesday that first-quarter
net income jumped 69 percent to a record on rising demand
for flat-screen televisions.
Net income rose to 230.8 billion won, or $200 million, compared
with 136.5 billion won a year earlier, the company said in
a regulatory filing to the Korean stock exchange. SDI was
forecast to earn 194.5 billion won, according to a Thomson
Financial survey of analysts.
Samsung SDI's "profit trend will probably keep going
until at least the second quarter," said Kim Kyeong Seob,
a manager at KB Investment Trust Management. First-quarter
profit "was slightly more than expected in the market."
As consumers replace traditional big-screen TVs with slimmer
ones that can be hung on walls, Samsung SDI doubled its capital
spending budget in an effort to overtake Fujitsu Hitachi Plasma
Display of Japan as the world's largest maker of plasma-display
panels this year.
Group operating profit, which includes earnings from overseas
affiliates, rose 75 percent to 310.4 billion won from 177.9
billion won, while sales gained 34 percent to 2.22 trillion
won from 1.65 trillion won, the company said.
The global market for plasma displays jumped 84 percent to
$1.87 billion in the first quarter, compared with $1.01 billion
a year earlier, according to Isuppli, a market researcher.
The market will probably grow 70 percent from the year-earlier
period to $1.92 billion in the second quarter, according to
Isuppli.
Samsung SDI's first-quarter plasma sales more than tripled
to 278 billion won from 78 billion won a year earlier, the
company said. Revenue from sales of rechargeable batteries
rose to 110 billion won from 68 billion won, it said.
|
