Samsung Electronics registers 3% drop in Q1 profits
Samsung Electronics is the flagship subsidiary of the giant Samsung Group, by far the largest of the family-controlled conglomerates known as ‘chaebols’ that dominate business in South Korea, the world’s 12th-largest economy. – EPA pic, April 29, 2020.
THE world’s biggest smartphone maker, Samsung Electronics, today reported a 3% drop in first-quarter net profits, as the coronavirus pandemic dampens consumer demand. Net profits for the January-to-March period stood at 4.88 trillion won , down 3.1% from a year earlier, said the company in a statement.
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