SEOUL, July 31 South Korea's Samsung Electronics
Co Ltd on Thursday reported a 24.6 percent fall in
second-quarter operating profit, in line with guidance, due to
disappointing returns from its smartphone business.
The world's biggest smartphone maker reported an April-June
operating profit of 7.2 trillion won ($7.03 billion), matching
its guidance of 7.2 trillion won.
Operating profit for the mobile division fell to 4.42
trillion won from 6.28 trillion won a year ago and 6.43 trillion
won in the previous quarter.
Shares of Samsung Electronics, worth $224 billion, closed up
0.7 percent on Wednesday compared with a 1 percent rise for the
($1 = 1023.9000 Korean Won)
(Reporting by Se Young Lee; Editing by Stephen Coates)