Samsung El.gdr Regulatory News (SMSN)

13 Aug 2007 07:44

Samsung Electronics Co. Ld13 August 2007 This announcement replaces the announcement "Earnings Release 2Q 2007 SamsungElectronics" made at 7:00am on 13 July 2007, announcement number 1965A. In thetext of the announcement the Increase (decrease) in Working Capital, etc on theCash Flow table was -0.55 while it should have been 0.55. All other text remainsthe same. August 13, 2007 Earnings Release 2Q 2007 Samsung Electronics Disclaimer This report includes forward-looking statements which can generally beidentified by phrases such as Samsung Electronics (SEC) or its management"believes," "expects," "anticipates," "foresees," "forecasts," "estimates"or other words or phrases of similar import. Similarly, such statements that describe the company's business strategy,outlook, objectives, plans, intentions or goals also are forward-lookingstatements. All such statements are subject to certain risks and uncertainties thatcould cause actual results to differ materially from those in this material. Auditing for the 2Q 2007 financial results has not been finalized.Figures in this earnings release are subject to changeduring the independent auditing process. Sales and Profits (Unit : Trillion, KRW) 2Q 07 Q-on-Q 1Q 07 2Q 06 Y-on-YSales 14.63 2% 14.39 14.11 4%Gross Profit 3.34 -3% 3.44 3.71 -10% (Margin) (23%) (24%) (26%)SG&A 2.43 8% 2.26 2.29 6%Operating Profit 0.91 -23% 1.18 1.42 -36% (Margin) (6%) (8%) (10%)Non-operating Income 0.71 8% 0.66 0.34 107%Pretax Income 1.62 -12% 1.84 1.76 -8%(Margin) (11%) (13%) (13%)Income Tax 0.20 -19% 0.24 0.26 -26%Net profit 1.42 -11% 1.60 1.50 -5% (Margin) (10%) (11%) (11%) Divisional Performance - Sales (Unit : Trillion, KRW) 2Q 07 Q-on-Q 1Q 07 2Q 06 Y-on-YSemiconductor 4.26 -5% 4.48 4.42 -4%Memory 3.08 -7% 3.30 3.32 -7%System LSI 0.65 14% 0.57 0.52 25%LCD 3.34 17% 2.84 2.85 17%Telecommunication 4.50 -2% 4.60 4.28 5%Handsets 4.23 -1% 4.28 4.04 5%Digital Media 1.45 -7% 1.55 1.66 -13%Digital Appliances 0.95 23% 0.77 0.77 23%Total 14.63 2% 14.39 14.11 4% Divisional Performance - Operating Profit (Unit : Trillion, KRW) 2Q 07 Q-on-Q 1Q 07 2Q 06 Y-on-YSemiconductor 0.33 -39% 0.54 0.98 -67% (Margin) (8%) (12%) (22%)LCD 0.29 298% 0.07 0.07 290%(Margin) (9%) (3%) (3%)Telecommunication 0.35 -41% 0.60 0.41 -13% (Margin) (8%) (13%) (9%)Digital Media -0.06 -0.04 -0.06 (Margin) (-4%) (-2%) (-4%)Appliances - - - (Margin) (0.1%) (-0.02%) (-0.4%)Total 0.91 -23% 1.18 1.42 -36% (Margin) (6%) (8%) (10%) Consolidated basis operating profit (Units : Trillion KRW) 2Q '07 1Q '07 2Q '06 Telecom 0.5 0.8 0.4 Digital Media 0.2 0.2 0.2 Appliances 0.1 0.03 0.04 The consolidated OP for business with a high level of overseas production is provided to enhance the understanding of the investors. Financial Position (Unit: Trillion KRW) 2Q 07 1Q 07 FY 06Assets 59.3 56.5 57.8 Cash* 4.1 2.9 6.4 A/R & Inventories 5.2 5.5 5.1 PP & E 29.8 29.8 28.8 Other Assets 20.2 18.3 17.5Liabilities 12.5 12.1 12.6 Debt 0.1 0.1 0.1 Other Liabilities 12.4 12.0 12.5Shareholders Equity 46.8 44.4 45.2Debt / Equity 0.2% 0.2% 0.2%Net Debt / Equity -8.6% -6.3% -13.9%Return on Equity 12.5% 14.3% 18.7%Return on Asset 9.8% 11.2% 14.6% * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Cash Flow (Unit: Trillion KRW) 2Q 07 1Q 07Cash* (Beginning of period) 2.91 6.37Cash flow from Operation 3.14 1.86Net Profit 1.42 1.60Depreciation 1.73 1.66Income(Loss) from Equity method -0.56 -0.56Increase(decrease) in Working 0.55 -0.84 Capital, etcCash flow from Investment -1.98 -2.78CAPEX -2.03 -2.63Cash flow from Finance 0.03 -2.54Dividend - -0.75Decrease of Short-term borrowings - -Repurchase of Shares - -1.83 Proceeds from sales of shares 0.03 0.03 Under stock option planNet decrease in cash 1.20 -3.46Cash (End of period) 4.11 2.91 * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Capital Expenditure (Unit: Trillion KRW) 07 Plan 1H(Actual) (%) 06 ActualSemiconductor 5.44 3.64 67% 6.64Memory 4.82 3.22 67% 5.82System LSI 0.54 0.39 72% 0.75LCD 1.41 0.62 44% 2.53Telecommunication 0.56 0.11 20% 0.22Digital Media & Others 0.69 0.28 41% 0.62Total 8.10 4.66 58% 10.01 For a detailed presentation of our 2Q 2007 results including business outlook, Please refer to the following link : http://www.samsung.com/ir This information is provided by RNS The company news service from the London Stock Exchange