Samsung reports fall in operating profit by 34 percent
January 30, 2020 | Investopaper
Samsung has reported a fall in operating profit by 34 percent in the fourth quarter of 2019. The company is expecting to bounce from the fourth quarter downfall through gradual recovery in memory chip demand from data center customers and 5G smartphone makers.
Samsung also expects an improvement in its overall business performance in 2020. But it is also wary of the uncertainty in the global business environment. Through a statement, it stated that the company did not identify particular issues that could affect its operations.
Due to low seasonal demand, the company is expecting a fall in its earnings for the first quarter in 2020.
