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Samsung posts slowest profit growth in over a year

Tuesday, July 31, 2018, 7:58 AM

Samsung posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well. Operating profit for the world’s biggest chipmaker and smartphone maker rose 5.7% to 14.9 trillion won in the second-quarter, Samsung said in a regulatory filing, compared with 14.8 trillion won it had estimated.

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