SEOUL—Samsung Electronics Co.’s third-quarter net profit fell sharply, pressured by a downturn in the memory-chip market, despite growth at its mobile and display businesses.
The South Korean tech giant reported a net profit of 6.29 trillion won for the three months ended Sept. 30, a 52% drop from a year earlier, when the company reported its highest-ever net profit. The company reported revenue of 62 trillion won, down 5.3%.
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