Samsung warns for lower revenues, profit in Q4

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(Telecompaper) Samsung has announced its preliminary results for the fourth quarter, with both revenues and profit falling sequentially and year-on-year. Revenues for the fourth quarter are expected to fall to KRW 59 trillion fromĀ 65.46 trillion in the previous quarter and 65.98 trillion the year before. The operating profit is seen at KRW 10.8 trillion, a sharp decline from the 17.57 trillion recorded in the third quarter and 15.15 trillion reported the year earlier.
Source: Industry News (syndicated from