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Samsung 2Q11 profits shrink on weakening demand for panels and memory chips

Jessie Shen, DIGITIMES, Taipei 0

Samsung Electronics has announced consolidated revenues of KRW39.44 trillion (US$37.45 billion) for the second quarter of 2011, up 4% on year. Operating profits for the quarter, however, declined 25% from a year earlier to KRW3.75 trillion as a result...

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