Samsung net profit hits $7bn in 1st quarter

Samsung says first-quarter profit likely $5.2 billion, beating expectations slightly  CNBCSamsung Will Offer Clues on How Covid-19 Is Roiling Global Tech  Data Center KnowledgeSamsung Electronics beats first-quarter estimates, braces for bigger blow from coronavirus  Investing.comSamsung Profit Beats After Covid-19 Spurs Server Chip Demand  Yahoo FinanceSamsung sees stable Q1 profits despite COVID-19 pandemic  ZDNetView Full coverage on Google...

South Korea’s Samsung Electronics flagged a nearly 80 per cent jump in quarterly profit Wednesday, as sales of chips and displays offset stiff competition in smartphones from Apple and cheaper Chinese rivals.

Bank M’s net profit for the second quarter of the current calendar year went up by 9.375 per cent compared to a similar quarter in 2013, latest financial figures show.

Exim Bank Tanzania Chief Finance Officer, Mr. Selemani Ponda (Centre) briefs journalists at a news conference to announce the bank’s financial results for the first quarter of 2014 in Dar es Salaam Looking on is Head of Treasury, Mr. George Shumbusho (first left) and Seniour Finance Manager, Mr Issa Hamisi (first right). The EXIM Bank Group 1st quarter (Q1) 2014 pretax profit rose by 42% to TZS 6.4 billion from the same period last year as per recently published results.
“We are pleased...

NMB Bank posted a 28 per cent increase in net profits during the first quarter of this year, thanks to increased loans issued to customers.

>African Life Assurance closed last year with net profit growth of 100 per cent from Sh5.2 billion in 2012 to Sh10.3 billion.

DCB Commercial Bank recorded a Sh3.61 billion profit during its fourth quarter to December 31 last year, being a 44.5 per cent increase compared to the quarter before.

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>Group profit of Tanga Cement Company Ltd (TCCL) declined by about 18 per cent in the first six months ending 30th June 2014 as the firm reports increased competition and influx of imported cement.