Samsung Electronics flags 56% fall in Q2 operating profit

Seoul: Samsung Electronics said Friday it expects operating profit to tumble 56 percent for the second quarter of this year in the face of a weakening chip market.

Operating profit for the April to June period is forecast to reach around 6.5 trillion won ($5.6 billion), down 56 percent from a year earlier, the world’s largest maker of smartphones and memory chips said in a statement.