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Article: SAMSUNG ELECTRONICS' Q1 PROFIT GAINS 26 PCT, BUT OUTLOOK TOUGH.
- Article from:
- AsiaPulse News
- Article date:
- April 17, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, April 17 Asia Pulse - South Korea's Samsung Electronics Co. (KSE:005930) said Friday its net income for the first quarter rose 26 percent from a year ago, helped by soaring demand for flat screens and healthy prices for chips.
But the near-term outlook for the world's largest maker of computer memory chips was laced with caution as second-quarter pricing conditions for memory chips turn negative for suppliers, analysts say.
A sharp rise in the value of South Korean currency against the U.S. dollar has also eroded profits at Samsung Electronics. The won around 3 percent against the dollar this year, making South Korean goods more expensive ...