Samsung flags 56% fall in second quarter operating profit

Seoul: Samsung Electronics said Friday it expects operating profit to tumble 56 per cent for the second quarter of this year, in the face of a weakening chip market.

Operating profits for the April to June period is forecast to reach around 6.5 trillion won (Dh20.4 billion), down 56 per cent from a year earlier, the world’s largest maker of smartphones and memory chips said in a statement.