giant: But analysts are predicting a turnaround for the company in the next year, according to Nine News Australia. The South Korean technology giant said Tuesday that it expects to make an operating profit of roughly 7.7 trillion Korean won 9.6 billion for the quarter that ended in September, down from 17.57 trillion Korean won 21.7 billion for the same period a year ago. To improve your experience update it here News World Samsung warns its profit fell 56 percent, but the worst could be over By 9News Staff3 06pm Oct 8, is warning investors that its operating profit likely plunged 56 percent in the third quarter as the company continues to struggle with sluggish demand for memory chips. But that forecast beat the 7.1 trillion won that analysts expected, according to Refinitiv. AP Shares in Samsung rose about 1 percent in Seoul during morning trading. It said it expects sales to fall 5 percent to 62 trillion won 77 billion . Kim Ki-nam, president and co-chief executive officer of Samsung Electronics Co.'s semiconductor division, speaks during the company's annual general meeting at a company's office building in Seoul, South Korea.
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