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Sunday, August 1, 2010

Quarterly results from Samsung, Orange and BT

Samsung Electronics has announced quarterly revenue of 37.89 trillion Korean won (£20.41 billion), up 17% year-on-year. Consolidated operating profit for the quarter was a record 5.01 trillion won, up 88% on the same quarter in 2009.

Quarterly results from Samsung's telecoms divisions showed profit of 630 billion won, which is down on last year. 63.8 million handsets shipped; up 22% year-on-year. 30% of Samsung's mobile sales were touchscreen phones, compared with 15% a year ago.

Over at France Telecom – the former owner of Orange UK – half-year income was up almost 45% to €3.965 billion (around £3.3 billion), thanks in part to just over €1 billion from merging its UK operations with T-Mobile UK. Group revenue was down 2.2% to €22.144 billion, with the drop blamed on regulation.

And UK telecoms giant BT Group plc also announced its results for the first quarter to 30th June 2010. It reported revenue of £5,006 million, down 4% year-on-year, although adjusted profit before tax was up 17% on 2009 to £446 million.

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Author: The Fonecast
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