Samsung Electronics flags drop in Q4 operating profit

The South Korean tech giant said it forecast profit to come in at 2.8 trillion won (US$2.1bil) for October to December, down 35% year-on-year. — Reuters

SEOUL: Samsung Electronics says it expects fourth-quarter operating profit to drop by more than a third, as the company struggles with weak demand for consumer electronics.

The South Korean tech giant said in a statement that it forecast profit to come in at 2.8 trillion won (US$2.1bil) for October to December, down 35% year-on-year.