Samsung Electronics posts $9.9B Q2 net profit, down 0.1% | Inquirer Business

Samsung Electronics posts $9.9B Q2 net profit, down 0.1%

/ 08:34 AM July 31, 2018

Samsung

AP FILE PHOTO

Seoul, South Korea – Samsung Electronics on Tuesday reported a 0.1 percent dip in its second quarter net profit from a year earlier, blaming slower sales of smartphones and display panels for the drop.

Net profit for the April to June period came in at 11.04 trillion won ($9.9 billion), slightly lower than the 11.05 trillion won in the same period in 2017, the company said in a regulatory filing.   /kga

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TAGS: Earnings, economy, Profit, samsung, South Korea, Telecommunication

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