Samsung posts plunge in Q3 profits


(MENAFN) A regulatory filing showed that Samsung Electronics Co. posted a fall in its Q3 profits, while the company's worst crisis surrounding Note 7 resulted in this fall in earnings.

In details, operating profit dropped 29.7% from a year earlier to USD4.6b in Q3 period, whereas three months ago, the profit had fallen 36.2%.

Also, the company's revenue declined 7.5% over the year, marking the lowest revenue since the first quarter this year.


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