SEOUL: Samsung Electronics Co posted its fourth straight quarter of profit decline in the holiday quarter after a long-awaited recovery in chip and electronics demand delivered few returns for the world’s biggest memory maker.
South Korea’s most valuable company said net income fell 74% in the last three months of the year to 6.02 trillion won after its mainstay chip operations posted a loss of 2.18 trillion won, bigger than what analysts projected.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
