Tag Archive : Profit

/ Profit

Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei.

The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the same period last year.

The prediction would represent the firm’s biggest operating profit of any quarter for two years and was also ahead of analyst forecasts.

Samsung Electronics is crucial to South Korea’s economic health. It is the flagship subsidiary of the giant Samsung group, by far the largest of the family-controlled conglomerates known as chaebols that dominate business in the world’s 12th-largest economy.

Its overall turnover is equivalent to a fifth of the country’s gross domestic product.

James Kang, senior analyst at Euromonitor International Korea, said

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(Bloomberg) — Samsung Electronics Co. reported earnings that beat analyst estimates after the South Korean tech giant’s mobile and chip businesses benefited from U.S. restrictions on Huawei Technologies Co.

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The world’s largest manufacturer of memory chips and personal electronics posted operating income of 12.3 trillion won ($10.6 billion) in the three months ended September, beating the 10 trillion won average of estimates. Sales for the quarter were 66 trillion won, according to preliminary results released Thursday. The company didn’t provide net income or break out divisional performance, which it will report later this month when it releases final results.

Shares were up as much as 1.3% in Seoul on Thursday.

Huawei overtook Samsung to become the world’s largest smartphone maker in the second quarter, but the Korean giant is projected to regain the crown after its Chinese rival lost access to the most advanced components that go into

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It is no longer a surprise to industry observers that partial reusability, economies of scale and vertical integration have enabled SpaceX to achieve extremely low Falcon 9 launch costs, nor is it a surprise that SpaceX’s launch and satellite connectivity businesses are inherently linked, as the company takes advantage of its industry-low launch costs to orbit its own broadband constellation for a fraction of the competition’s launch capital expenditure.

It may however remain a surprise to some that Starlink is also linked to SpaceX’s Smallsat Rideshare program, revealed August 2019, and that SpaceX will further reduce the Starlink launch capex by manifesting paying customers as rideshare payloads on some Starlink launches. In doing so, it may even break even or make a profit on such Starlink rideshare missions, on the condition that it identifies and contracts enough rideshare customers to offset the cost of a launch.

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(Bloomberg) — Billionaire Anil Agarwal’s Indian commodities conglomerate Vedanta Ltd. posted a 23.5% drop in quarterly profit as one of the world’s strictest lockdowns hit production and demand.



a man walking down a street next to a river: Police officers walk along an empty road during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.


© Bloomberg
Police officers walk along an empty road during a lockdown imposed due to the coronavirus in Mumbai, India, on Monday, June 1, 2020. Despite a strict two-month-long lockdown, the outbreak in India’s financial capital has snowballed, with the city now accounting for nearly a quarter of India’s more than 4,700 deaths and more a fifth of India’s over 165,000 infections.

Group net income slumped to 10.33 billion rupees ($141 million) in the three months to June from 13.51 billion rupees a year earlier, the company said in a statement late Saturday. Sales fell 25.9% to 156.87 billion rupees.

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Key Insights

Vedanta’s main businesses include zinc, aluminum and oil and gas, all of which have been hit by a

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(Bloomberg) — Alibaba Group Holding Ltd. foresees its cloud services arm turning profitable for the first time this year, a milestone for the decade-old business that underscores how Asia’s largest corporation expects a return to pre-pandemic levels as China’s economy rebounds.

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Alibaba’s shares rose as much as 4% in Hong Kong, their biggest intraday gain in over a month. Its internet computing business is growing roughly 60% at an annual revenue run rate of about $7 billion, Chief Financial Officer Maggie Wu told investors at an annual company conference. The unit should turn profitable in the year ending March, she said.

Cainiao, the logistics service Alibaba folded fully into its broader empire in 2017, should generate positive cash-flow on an operating basis over the same period, she added.

China’s most valuable corporation has invested billions in hosting computing for corporations over the cloud, while building a nationwide logistics

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Blogging on your website increases profit, but there’s so much more that blogging can do. Branding your business is most effectively handled on your blog. Are you using your blog effectively for this purpose?

Let’s talk about what branding is, and isn’t.

Branding is a way of trademarking the value in your business. People begin to recognize your business as “top of the heap” when your brand becomes visible, high quality, and reputable. The key to blogging your brand is to add value.

Always ADD value when blogging on your website.

Bringing traffic to your blog through the topics you venture to discuss is one way to leverage your brand, and drive loyalty. Everyone wants to know the guy who brings value and quality. If you consistently add value to your website through blogging, your overall brand increases popularity.

And you gain traffic.

But how do you measure traffic? And … Read More

When searching for technology grants one should look at the pros and cons of targeting federal government for funding of technology grants for non-profit business. When seeking funding for programs I think that there are three advantages of targeting the federal government 1. The money is certain, 2. There is easy access to information, and 3. The larger orders, thus more profit. Whereas, three disadvantages would be: extensive bid proposal, considerable amounts of paper work throughout maintaining the contract, and the competition is great.

The first advantage that I listed is that the money is certain. If my company were to get a contract for business from the government they would be certain to be paid. It would cut out the late payment or the collections process that we currently have dealing with smaller entities or individuals. The second advantage to target the federal government is that the government may … Read More