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Thursday, 31 July 2014 - 11:45
Samsung profit hit as smartphone growth slows
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Profits at Samsung Electronics fell 20% in the second quarter, hurt mainly by a slowdown in smartphone sales and a strong Korean currency.

It made a net profit of $6.1bn in the April-to-June period, down from 7.77 trillion won a year ago.

When compared to the previous quarter, its profit was down 17%.

Samsung is the world's biggest maker of mobile phones and the handset division accounts for the bulk of its profits.
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