(Bloomberg) -- Samsung Electronics Co., Asia's
largest maker of semiconductors, flat screens and mobile phones,
reported its smallest quarterly profit in four years after a glut
drove prices of computer memory chips to record lows.
Second-quarter net income fell 5 percent to 1.42 trillion
won ($1.6 billion), from 1.5 trillion won a year earlier, the
Suwon, South Korea-based company said in a regulatory filing
today. That's the lowest profit since the second quarter of 2003.
Sales rose 3.7 percent to 14.63 trillion won.
Read more at Bloomberg Emerging Markets News
largest maker of semiconductors, flat screens and mobile phones,
reported its smallest quarterly profit in four years after a glut
drove prices of computer memory chips to record lows.
Second-quarter net income fell 5 percent to 1.42 trillion
won ($1.6 billion), from 1.5 trillion won a year earlier, the
Suwon, South Korea-based company said in a regulatory filing
today. That's the lowest profit since the second quarter of 2003.
Sales rose 3.7 percent to 14.63 trillion won.
Read more at Bloomberg Emerging Markets News
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