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Samsung reports 23% drop in Q3 net profit

By Agence France Presse | Updated: 15 June 2012 16:54 IST
Samsung reports 23% drop in Q3 net profit
Highlights
  • Samsung Electronics announced its third-quarter net profit fell 23% year-on-year because of weakness at its display unit amid a faltering global economy.
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South Korea's Samsung Electronics announced Friday its third-quarter net profit fell 23 percent year-on-year because of weakness at its display unit amid a faltering global economy.

Samsung, the world's biggest technology firm in terms of revenue, said net profit for July to September fell to 3.442 trillion won ($3.086 billion) from 4.455 trillion a year earlier.

The company recorded a net profit of 3.506 trillion won in the second quarter.
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Further reading: Samsung Electronics, third-quarter
HP says it will keep personal computer unit
Motorola Mobility 3Q net loss narrows

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