Samsung Electronics Co., Ltd. (005930) reports Q1 profit drop of 4%

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Samsung Electronics Co., Ltd. (KRX:005930) said that operating income for January-March dropped 4% over a year earlier in an earnings preview. The operating income for the first three months of the year hit 8.4 trillion won ($8 billion) compared to 8.8 trillion won a year earlier. Sales are flat at 53 trillion won. Samsung will be announcing its full financial results, including net income this month.

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