Samsung Electronics Co.’s fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp...
SEOUL — Samsung Electronics Co.’s KR:005930 fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp drop-off in demand and high inventories.
The... SEOUL — Samsung Electronics Co.’s 005930 fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp drop-off in demand and high inventories. The company’s net profit for the last three months of 2022 rose 119.9% to 23.84 trillion won, or roughly $19.4 billion, reflecting a one-time tax gain from a recent change in South Korean tax laws regarding dividends from subsidiaries, Samsung said.
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