FINWIRES · TerminalLIVE
FINWIRES

Samsung Electronics R&D, Capex Spending Surges in H1

By

Samsung Electronics (KRX:005930) reported R&D spending of 27.4 trillion won for the first half, up from the previous year's 18.1 trillion won.

Facility investments for the same period reached 28 trillion won, according to its semi-annual report filed with the stock exchange on Friday.

The company's strong revenue and profit growth, driven by the Device Solutions (DS) segment, supported these record investments.

The DS segment alone posted revenue of 209.2 trillion won and operating profit of 142.8 trillion won in the first half.

Related Articles

Asia

Sands China's Attributable Profit Slips 3.6% in H1; Interim Dividend Declared

Sands China (HKG:1928) recorded a 3.6% decline in profit attributable to equity holders in the first half to $398 million from $413 million a year prior.Earnings per share slipped to $0.0492 from $0.051 previously, according to a Friday Hong Kong bourse filing.Net revenue increased 11% to $3.88 billion from $3.49 billion in the year-ago period.The company declared an interim dividend of HK$0.50 per share for the period, payable Oct. 9 to shareholders of record as of Sept. 18.

HKG:1928
Asia

Longfor Warns of Lower H1 Profit

Longfor (HKG:0960) expects profit attributable to owners of between 1.8 billion yuan and 2 billion yuan for the six months ended June 30, down from 3.22 billion yuan a year prior.The property developer attributed the forecast to a continued decline in recognized revenue from the property development business and pressure on the recognized gross profit margin.

HKG:0960
Asia

MCC Logs 447.5 Billion Yuan in January-July New Contract Value

Metallurgical Corp. of China (SHA:601618, HKG:1618), or MCC's, newly-signed contract value for the seven months ended July 31 stood at around 447.5 billion yuan.Of the total, the value of newly-signed overseas contracts reached roughly 39.1 billion yuan, according to a Friday Hong Kong bourse filing.

HKG:1618SHA:601618