Seoul, July 9 -- Samsung Electronics announced its second-quarter operating profit dropping by nearly 56 per cent compared to the same period last year, largely due to a downturn in its semiconductor business and the impact of U.S. trade restrictions, as reported by the Korea Herald.
The company reported an estimated operating profit for the April-June quarter at 4.59 trillion won (USD 3.4 billion), down sharply from 10.44 trillion won a year ago, and 31.2 per cent lower than the previous quarter's figure of 6.69 trillion won.
This result fell short of market expectations by over 23 per cent, according to data from Yonhap Infomax, the financial data firm of Yonhap News Agency. According to the Korea Herald, the revenue remained relative...
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