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Samsung second quarter revenue slumps 53% – jj

Samsung second quarter revenue slumps 53%


Seoul: The world’s biggest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the second quarter, it said Wednesday, in the face of a weakening chip market.

Net profits in the three months to June were 5.18 trillion won (Dh16 billion), it said in a statement — down 53 per cent year-on-year.

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