Samsung says third quarter operating profits soar to US$6.6 billion, but misses forecast

Samsung says third quarter operating profits soar to US.6 billion, but misses forecast

South Korea’s Samsung Electronics said Thursday that its operating profits soared 277 per cent year on year to US$6.6 billion, but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers. The world’s largest memory chipmaker posted an operating profit of 9.18 trillion won (US$6.6 billion) “largely due to one-off … Read more

Suzuki says will continue to expand SUV portfolio to recover market share in India

Suzuki says will continue to expand SUV portfolio to recover market share in India

New Delhi/Tokyo: Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 … Read more