Samsung's net profit to fall in Q3 by 5%


(MENAFN) Industry analysts expected the global recall of Galaxy Note 7 will cause a cut in Samsung's projected operating profit for the third quarter this year, and the cut will be over 5%.

Before the announcement of the recall, the Q3 operating profit was 8.3tr won, while now it is expected to post a fall by 5.3%.

Also the survey reported that Samsung is expected to record a Q3 net profit of 5.8tr won, compared with 6.2tr won expected before the recall.


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