samsung expected to log plunge in q3 profit
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Samsung expected to log plunge in Q3 profit

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Arab Today, arab today Samsung expected to log plunge in Q3 profit

Seoul - Yonhap

Samsung Electronics Co., the world's largest memory chipmaker and No. 2 mobile phone maker, is forecast to report a sharp on-year decline in its third-quarter profit, hit by weak consumer demand in advanced countries, market analysts said Thursday. The company is expected to report an operating profit of 3.35 trillion won (US$2.83 billion) for the July-October period, down 31 percent from one year earlier, a market consensus of analysts showed.

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