Samsung Q4 Profit Drops 37%

Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the fourth-quarter that dropped about 37.24 percent from last year, reflecting continued fall in memory chip prices and weakness in display panels. Quarterly operating profit also declined 33.70 percent from last year, while sales increased about 1.05 percent.

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