Samsung Electronics forecasts 31 per cent drop in 1Q operating profit + MORE Apr 6th

This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.

This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.

SEOUL, South Korea – Samsung Electronics Co. said Tuesday that its first-quarter operating income likely declined 31 per cent over a year earlier.
The company’s earnings preview put its January-March operating profit at 5.9 trillion won ($5.4 billion), which was higher than analysts’ consensus of 5.5 trillion won according to financial data provider FactSet.
Samsung estimated that its sales fell 12 per cent to 47 trillion won ($43 billion) during the quarter.
The company’s operating profit was an improvement from the previous two quarters when its mobile business, which accounts for two-thirds of Samsung’s income, suffered from a sales slowdown. Analysts believe the South Korean company’s profits hit a bottom during the third quarter as its smartphone sales slowed, with criticism mounting about the cheap-looking, plastic design of the Galaxy S5 smartphone.
Analysts expect a continued recovery in Samsung’s bottom line in the current quarter as the company is set to launch the latest version of its flagship smartphone, the Galaxy S6, in major countries on Friday…

CBC.caGeneral Motors shares: Conservative government sells remaining stake in …CBC.caThe Harper government has unloaded its remaining multibillion-dollar stake in General Motors. The federal Finance Department said the government sold nearly 73.4 million shares Monday in an unregistered block trade to Goldman, Sachs & Co.Canada to sell final 73.4 million shares of GM from bailoutThe Globe and Mail (subscription)Canada Ends Investment Relationship with General MotorsKelownaNowFederal government sells multibillion-dollar stake in General MotorsFinancial PostCastanet.net -Wall Street Journalall 21 news articles »

Learn, save, invest and prosper by subscribing to My Own Advisor.
Over the last couple of years I’ve posted our financial goals on My Own Advisor.  I do this because:

I believe all goals should be clear and transparent,
I believe all goals should be realistic,
I believe all goals should be measured, and
I believe all goals should be documented.

In my day job and industry, if it wasn’t documented it didn’t happen.  Following these rules above provide us with some hope we’ll hit our financial goals in 2015. In case you missed my post in January here are our 2015 financial goals.

Maximize our TFSA contributions.
Put $300 lump sum payments on our mortgage every month.
Save $5,000 for home improvements.
Do not incur any new debt.

As of this spring here is where we stand…
Maximize our TFSA contributions.
Done!  We recently filled up our TFSAs for 2015 and the process will begin later this year to save for 2016 contributions. Now these accounts have no contribution room left we’re focused on goal #2…which is…
Put $300 lump sum payments on our mortgage every month…