Samsung Q2 operating profit fell 95% but remains optimistic

By Agence France-Presse

Jul 28, 2023 12:11 am

SEOUL: Samsung Electronics on Thursday reported a more than 95-percent plunge in operating profits in the second quarter owing to weak demand for memory chips.

The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy.

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