Samsung Logs Weak Fourth-Quarter Net Profit
 

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SEOUL—Samsung Electronics Co. reported a 31% slide in fourth-quarter net profit, the latest technology giant forced to stomach financial pain from a global pullback in consumer spending.

The world’s largest smartphone and memory chips maker attributed the poor results to “unfavorable business and macroeconomic factors.” For the quarter that ended Dec. 31, Samsung’s operating profits for its mobile division declined by nearly one-third, while semiconductors fell by 29%.

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