A South Korean woman visits the Samsung Electronics gallery at the Samsung Electronics headquarters in Seoul, South Korea, 07 July 2022. Samsung Electronics Co. said its second-quarter operating profit, 14 trillion won (US$11 billion) for the April-June period, was up 11.38 percent from a year ago. EPA-EFE/JEON HEON-KYUN
SEOUL - Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, its biggest such quarterly drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.
The South Korean tech giant said operating profits for the October-December period slumped to 4.3 trillion won, a 69 percent drop from a year earlier.
More details to follow.
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