#7-12-billion

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Samsung Elec says Q2 profit likely down 24.5 pct, worst in two years

Samsung Elec says Q2 profit likely down 24.5 pct, worst in two years

Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 24.5 percent in April-June, its lowest in two years due to slowing growth in the company's cash cow smartphone business and the strength of the South Korean won. The South Korean company said operating profit likely fell to 7.2 trillion won ($7.12 billion) during the quarter

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Samsung Electronics says second quarter profit likely down 24.5 percent; worst in two years

Samsung Electronics says second quarter profit likely down 24.5 percent; worst in two years

Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 24.5 percent in April-June, its lowest in two years due to slowing growth in the company's cash cow smartphone business and the strength of the South Korean won. The South Korean company said operating profit likely fell to 7.2 trillion won ($7.12 billion) during the quarter

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