Samsung’s Q4 Profit Plummets
Thomson Reuters
A man walks at the Samsung Electronics’ headquarters in Seoul
SEOUL (Reuters) – South Korea’s Samsung Electronics Co said on Thursday that October-December profit fell 36 percent from a year earlier, confirming the firm’s first annual earnings decline in three years.
The world’s top smartphone maker reported a fourth-quarter profit of 5.3 trillion won ($4.88 billion), compared with a 5.2 trillion won profit it guided for earlier this month.
Profit for the mobile division, the driver of Samsung’s record 2013 earnings, fell to 1.96 trillion won from 5.47 trillion won a year earlier.
(Reporting by Se Young Lee; Editing by Stephen Coates)
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