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Samsung Flags 56% Fall In Second Quarter Operating Profit

Samsung Electronics said Friday it expects operating profit to tumble 56 percent for the second quarter of this year, in the face of a weakening chip market.

Operating profits for the April to June period is forecast to reach around 6.5 trillion won (Dh20.4 billion), down 56 percent from a year earlier, the world’s largest maker of smartphones and memory chips said in a statement.―Gulf News

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