Samsung’s profits grow 79 percent, but semiconductor business stumbles
While Samsung’s legal problems are likely to have people back in Suwon concerned, its current financial picture is a lot rosier. The company posted another record quarter, earning ₩6.72 trillion in operating profit (about $5.86 billion) on ₩47.6 trillion (about $41.5 billion) in revenues — narrowly beating its predictions from earlier this month. That’s 79 percent more profit than the company pulled in last year at this time, made even more impressive by the comparatively small increase in revenue of only 21 percent. However, Bloomberg reports that profits still fell short of analysts’ expectations, which were about 6 percent higher
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Samsung’s profits grow 79 percent, but semiconductor business stumbles