Samsung released the first quarter earnings net profit of $2 billion

According to the overseas media reports, South Korea's Samsung Electronics in the local time of the report released Friday 2006 first quarter results. The report shows that the company's first quarter net profit of 1 trillion and 900 billion won ($2 billion), an increase of 25%, sales reached $14 trillion, an increase of 1%.

Nevertheless, in addition to the LCD business sector, including semiconductor, communications, digital media and household appliances, including other departments have decreased sales.

Samsung said Chu Wooksik senior vice president of investor relations held in the day before the conference call, "due to seasonal IT weak market, high oil prices, and the negative effects of the fluctuation of exchange rate, the first quarter of the market situation is quite grim. But even in such adverse circumstances, Samsung still released gratifying results report."

Thanks to the promotion of flat-panel TVs, LCD panel market demand is strong, the first quarter of this year, Samsung LCD panel sales grew by 41%. Cho, vice president of the company's LCD division Yeong Duk said that in the first quarter Samsung LCD panel shipments more than 2 million, but even so, still unable to meet customer demand. He said, "because of the size of the LCD TV is expected to exceed the rate of increase, we will continue to focus on 40 inches and more than 40 inches of products." Samsung is also expected in the second quarter of this year, large LCD panel shipments will reach $2 million 700 thousand.

At the same time, Samsung Semiconductor business sector sales fell 3%. Although NAND flash market prices continued to decline, DDR2 memory market demand showed significant growth momentum. Samsung said that in the first quarter of this year, the average computer memory capacity has increased from 552MB last year, up to 705MB.

Although the first quarter Samsung communications sector sales fell 5%, the company's mobile phone shipments are still up to 29 million. Samsung said that the average price of mobile phones in South Korea and overseas markets have declined, but the South Korean market demand is more robust. Samsung also predicted that this year's global mobile phone shipments will grow 13% on the basis of last year, reaching a total of 910 million, the company's mobile phone shipments will reach 115 million, the market share will reach 12.7%, unchanged from last year.

David, vice president of Samsung digital media sector, said Steel, due to strong demand in the market, the first quarter of this year, Samsung LCD TV sales exceeded 1 million units, while the printer sales growth.

At the same time, Samsung expects second quarter results will be better than the first quarter. Chu Wooksik said, we believe that the second quarter of the market environment is challenging, but we also believe that our business will be flourishing."