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Samsung SDI in flatpanel TV crisis

April 25th, 2007 · No Comments

Korean flatpanel giant Samsung is in crisis. Its panel making subsidiary SDI has posted the biggest loss in its 37 year history, with Q1 financials revealing an operating loss of 110 billion Won, compared to an operating profit of 42 billion Won in 2006. The collapse is largely due to a worse than expected performance from its PDP module division. Figures reveal that sales have dropped 33.4 per cent.
Samsung SDI vice president Lee Jung-wha expects sales to improve for Q2, but he cautions that the company will remain in the red.

Tags: LCD TV · Plasma · Trade

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