Samsung earning News
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South Korean tech giant Samsung Electronics on Thursday reported a second quarter net profit of 11 trillion won ($9 billion), up 89 per cent year-on-year, the company said in a statement here.
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Samsung Electronics Co slashed its quarterly profit estimate by a third on Wednesday, soaking up a $2.3 billion hit from ditching its flagship smartphone in what could be one of the costliest product safety failures in tech history.
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The third-quarter profit beat market expectations of about 7.4 trillion won thanks to brisk sales of semiconductors and display panels.
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For the whole year of 2015, operating profit increased 5.35 percent from the previous year to 26.37 trillion won.
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