Samsung El.gdr Regulatory News (SMSN)

18 Apr 2006 07:00

Samsung Electronics Co. Ld14 April 2006 Earnings Release 1Q 2006 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" orother 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 that couldcause actual results to differ materially from those in this material. Auditing for the 1Q 2006 financial results has not been finalized. Figures inthis earnings release are subject to change during the independent auditingprocess. Sales and Profits (Unit : Trillion, 1Q 06 Q-on-Q 4Q 05 Y-on-Y 1Q 05 KRW) Sales 13.96 -10% 15.52 1% 13.81 Gross Profit 3.78 -23% 4.91 -9% 4.14 (Margin) (27%) (32%) (30%) SG&A 2.17 -22% 2.77 9% 1.99 Operating Profit 1.61 -24% 2.14 -25% 2.15 (Margin) (12%) (14%) (16%) Non-operating 0.61 0.76 -0.19 Income Equity Income 0.04 0.03 -0.70 from Samsung Card Income Tax 0.34 2% 0.33 -26% 0.46 Net profit 1.88 -27% 2.56 26% 1.50 (Margin) (14%) (17%) (11%) Divisional Performance - Sales (Unit : Trillion, 1Q 06 Q-on-Q 4Q 05 Y-on-Y 1Q 05 KRW) Semiconductor 4.33 -15% 5.09 -3% 4.48 Memory 3.23 -16% 3.84 -9% 3.54 System LSI 0.49 -13% 0.56 9% 0.45 LCD 2.68 -11% 3.01 41% 1.90 Telecommunication 4.59 -7% 4.95 -5% 4.84 Handsets 4.39 -6% 4.65 -4% 4.56 Digital Media 1.56 -1% 1.58 -6% 1.66 Digital Appliances 0.69 -8% 0.75 -13% 0.79 Total 13.96 -10% 15.52 1% 13.81 Divisional Performance - Operating Profit (Unit : Trillion, 1Q 06 Q-on-Q 4Q 05 Y-on-Y 1Q 05 KRW) Semiconductor 1.12 -31% 1.62 -19% 1.39 (Margin) (26%) (32%) (31%) LCD 0.11 -73% 0.40 367% 0.02 (Margin) (4%) (13%) (1.2%) Telecommunication 0.46 23% 0.38 -45% 0.84 (Margin) (10%) (8%) (17%) Digital Media -0.05 -0.20 -0.04 (Margin) (-3%) (-13%) (-2%) Appliances -0.02 -0.06 -0.01 (Margin) (-3%) (-8%) (-2%) Total 1.61 -24% 2.14 -25% 2.15 (Margin) (12%) (14%) (16%) Financial Position (Unit: Trillion KRW) 1Q 06 FY 05 FY 04 Assets 51.4 50.5 43.8 Cash* 6.4 6.9 7.4 A/R & Inventories 4.5 4.4 4.5 PP & E 25.6 24.7 19.7 Other Assets 14.9 14.5 12.2 Liabilities 10.6 10.8 9.4 Debt 0.1 0.1 0.1 Other Liabilities 10.5 10.7 9.3 Shareholders Equity 40.8 39.7 34.4 Debt / Equity 0.2% 0.3% 0.3% Net Debt / Equity -15.5% -17.1% -21.3% Return on Equity 18.7% 20.6% 33.8% Return on Asset 14.8% 16.2% 26.0% * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Cash Flow (Unit: Trillion KRW) 1Q 06 4Q 05 Cash* (Beginning of period) 6.87 4.79 Cash flow from Operation 2.39 4.28 Net Profit 1.88 2.56 Depreciation 1.28 1.31 Income(Loss) from Equity method -0.41 -0.47 Increase(decrease) in Working -0.36 0.88 Capital, etc Cash flow from Investment -2.18 -2.43 CAPEX -2.28 -2.58 Cash flow from Finance -0.67 0.24 Dividend -0.76 - Decrease of Short-term borrowings - - Repurchase of Shares - - Proceeds from sales of shares 0.09 0.24 Under stock option plan Net decrease in cash -0.46 2.08 Cash (End of period) 6.41 6.87 * Cash = cash + cash equivalent + short-term financial instruments + marketablesecurities Capital Expenditure (Unit: Trillion KRW) 06 Plan Q1(Actual) (%) 05 Actual Semiconductor 5.63 1.71 30% 6.33 Memory 4.58 1.63 36% 5.29 System LSI 0.98 0.07 7% 0.99 LCD 2.37 0.35 15% 2.87 Telecommunication 0.54 0.06 11% 0.27 Digital Media & 0.69 0.16 23% 0.57 Others Total 9.23 2.28 25% 10.04 For a detailed presentation of our 1Q 2006 results including business outlook, Please refer to the following link : http://www.samsung.com/ir END This information is provided by RNS The company news service from the London Stock Exchange