Samsung profits down massively
South Korean tech giant Samsung has come out with their latest revenue report and the company has posted a sharp drop in their profits.
The company reported that their third-quarter net profit fell 44%.
This is largely due to rising costs of operations and the weakening global economy.
The company said that it earned 1.22 trillion won in the quarter ending on September 30.
This figure is down from 2.19 trillion won in the same period last year.
The sales in the quarter were however up at 19.3 trillion won compared to 16.7 trillion won in the last year.
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