Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


Samsung Electronics flags 30.5 percent on-year drop in Q1 profit

Samsung Electronics on Tuesday flagged a 30.5 percent on-year fall in operating profit for the first quarter, as the world’s top mobile producer continued to battle stiff competition from Chinese makers and arch rival Apple.

The South Korea tech giant estimated an operating profit of around 5.9 trillion won ($5.4 billion) for the January-March period, down from 8.49 trillion won a year before.

But in a sign that the company might be turning a corner, the estimate showed an 11.5 percent profit increase from the previous quarter.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...