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To: tech101 who wrote (339)	8/16/1999 7:04:00 PM
From: tech101	Read Replies (1) \| Respond to of 1056

Samsung sales up 15% in first half, net profit rises 795% from last year A service of Semiconductor Business News, CMP Media Inc. Story posted 9 a.m. EST/6 a.m., PST, 8/16/99 SEOUL--Samsung Electronics Co. today posted sales of 12.14 trillion Won ($10.5 billion) in the first half of 1999, an increase of 15% over revenues in the first half of 1998. The Korean electronics manufacturer said its net profit grew 795% to 1.34 trillion Won ($1.16 billion) in the first six months of 1999 primarily due to improved sales of semiconductors, telecommunications systems, and liquid-crystal displays (LCDs). Samsung noted that its first-half net profit was more than four times the 313.2 billion Won profit reported in the entire 1998 fiscal year. The company also reported that its debut-to-equity ratio dropped from 198% at the end of 1998 to 114% in the first half of this year. The Korean chip maker credited its restructuring measures in the past two years for the improved financial results. Healthier Asian economies also gave Samsung's results a boost in the first half of the year.