Samsung's net quarterly profit falls 38.9%
April 29 , 2015
Samsung Electronics has recorded a 38.9% drop in quarterly net profits to $4.3 billion for the first three months of 2015 compared to the same period in the previous year.
The fall in profits, which failed to meet expectations, came despite a boost in demand for memory chips. It was the handset maker’s fourth consecutive quarterly fall in net profit.
However, in a positive sign, the South Korean firm’s operating profit increased by 13.1% from the fourth quarter of 2014.