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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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[THE INVESTOR] Samsung Electronics on Oct. 12 lowered its third-quarter earnings estimates following the sales and production suspension of its latest Galaxy Note 7 smartphone.
Its July-September operating profit was lowered from 7.8 trillion won (US$6.90 billion) to 5.2 trillion won, while revenue was also down from 49 trillion won to 47 trillion won.
The operating profit is a 29.63 percent plunge from a year ago.
The company said the estimated figures have been adjusted to reflect losses following the sales halt of its bigger-screen flagship smartphone in accordance with disclosure rules in the local securities market.
By Lee Ji-yoon (jylee@heraldcorp.com)
Its July-September operating profit was lowered from 7.8 trillion won (US$6.90 billion) to 5.2 trillion won, while revenue was also down from 49 trillion won to 47 trillion won.
The operating profit is a 29.63 percent plunge from a year ago.
The company said the estimated figures have been adjusted to reflect losses following the sales halt of its bigger-screen flagship smartphone in accordance with disclosure rules in the local securities market.
By Lee Ji-yoon (jylee@heraldcorp.com)
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