Samsung's profit falls 37.8% in July-September but shows signs of recovery

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Seoul, Oct 31 (EFECOM).- The South Korean technology giant Samsung Electronics saw its net profit reduced by 37.8% year-on-year in the third quarter to 5.84 trillion won (about 4,082 million euros) due to lower demand for semiconductors, although these have already begun to show signs of recovery.

Compared to the previous quarter, the amount already represents an increase of more than 239%, as reported by the company today.

The company's gross operating profit (EBITDA) in July-September was 66.77% lower year-on-year, reaching 3.94 trillion won (2,922 million dollars), while operating profit was 2.43 trillion won ($1,802 million), down 77.6% from a year ago. EFECOM


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