Samsung Electronics announced on April 27 its financial results for the first quarter ending March 31, 2017. It chalked up sales of 50.55 trillion won and operatingprofit of 9.9 trillion won, up 1.5 percent and 48.2 percent year on year.
Bybusiness unit, the DS division responsible for electronic components, recorded an operating profit of 7.59 trillion won, accounting for 77 percent in the company's total operating profit.
TheCE division in charge of TVs and home appliances, gained an operating profit of 380 billion won, while the smartphone-making IM division achieved 2.07-trillion-won operating profit.
Asthe releasing of its flagship smartphone Galaxy S8 was delayed for about one month compared to the previous 2016 release date of the Galaxy S7, the IMdivision saw its sales and operating profit fall by 4.1 trillion won and 1.82trillion won, respectively, year on year.
SamsungElectronics expected its semiconductor business to show stronger performance inthe second quarter of this year.
The Military Mutual Aid Association, the Employment Insurance Fund and an unidentified South Korean institutional investor have committed a total of $110 million to LaSalle Investment Management’s 804 million-pound ($1 billion) debt fund focusing on the UK and western Europe.&hellip
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip
The Public Officials Benefit Association (POBA) will select two to three US private debt fund houses to make senior secured, direct lending of around $150 million to US mid-market companies with sales of $50 million to $1 billion. The amount&hellip