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Samsung profit halves in Q2 on weak memory market, lower phone margins

2019-07-31 08:52:00| Telecompaper Headlines

(Telecompaper) Samsung's net profit in the second quarter more than halved, to KRW 5.18 trillion from KRW 11.04 trillion a year ago, due to a fall in results at its semiconductor business and lower profitability in smartphones. The company's revenues fell 56 percent to KRW 56.13 trillion, led by the decline in memory products. 

Tags: phone market lower memory

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