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Samsung posts 19.6% fall in Q2 net profit

31
Jul
2014

Samsung Electronics on Thursday reported a near 20 percent decline in second quarter net profit, due to increased competition from cheap Chinese devices in the key smartphone sector and a surging Korean won. The South Korean electronics giant posted a net profit of 6.25 trillion won ($6.1 billion) — its lowest figure for two years and down 19.6 percent from the same quarter last year.

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