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Samsung Electronics 2Q Profit Declines
Jul 16, 2007
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Samsung Electronics Co. said that second-quarter net profit fell 5 percent from a year ago on price declines for its mainstay computer memory chips, but expressed confidence of a rebound in the market.

Samsung said it earned 1.42 trillion won (US $1.55 billion) in the three months ended June 30. Sales rose 3.6 percent during the quarter from the same period last year.

Besides memory chips, Samsung is also the world's top producer by market share of flat-screen televisions in both liquid crystal and plasma display versions. It ranks third globally in mobile phone handsets, and also produces other consumer electronics such as MP3 players and laptop computers. Samsung recorded sales of 16.63 trillion won ($18.2 billion) compared with 14.1 trillion won a year earlier.

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