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Samsung quarterly profits plunge to 8 year low on demand slump
Samsung quarterly profits plunge to 8 year low on demand slump
Business and Economy
by  AFP

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales. The fourth-quarter drop is the second consecutive margin squeeze for Samsung, which saw a 31 percent fall in operating profits in the third quarter year-on-year.