Samsung Electronics profit falls
Wednesday, 10 July 2019
SEOUL, July 09 (AFP): Samsung Electronics said it expects operating profit to tumble 56 per cent for the second quarter of this year in the face of a weakening chip market.
Operating profit for the April to June period is forecast to reach around 6.5 trillion won (US $5.6 billion), down 56 per cent from a year earlier, the firm said in a statement.
Revenue is expected to fall 4.2 per cent to 56 trillion won. Samsung is scheduled to report final results later this month.