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Earnings

Samsung Electronics hit with quarterly profit slump

Updated : April 30, 2019 03:04 PM IST

The result is the latest bad news for the tech titan, which last week was forced to delay the release of its much-hyped $2,000 foldable smartphone owing to problems with the screen.
Net profits in the January-March period were 5.04 trillion won ($4.3 billion) -- the lowest since the third quarter of 2016 and down 56.9 per cent year-on-year.
Samsung Electronics hit with quarterly profit slump

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