Samsung profit slumps 56.9% in first quarter

Seoul: Samsung Electronics, the world’s biggest smartphone and memory chip maker, reported a slump in first-quarter net profits Tuesday, in the face of a weakening chip market. Net profits in the January-March period were 5.04 trillion won (Dh15.9 billion) — the lowest since the third quarter of 2016 — it said, down 56.9 per cent […]