SEOUL– Samsung Electro-Mechanics Co. on Wednesday reported its third-quarter net income of 268.2 billion won (US$188 million), down 24.1 percent from a year earlier.
Operating income for the July-September period was 311 billion won, down 31.8 percent from a year ago, the company said in a regulatory filing. Sales fell 6.4 percent to 2.38 trillion won.
The operating profit was 7.6 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
Source: Yonhap News Agency