Samsung Suffers Loss

<h4>Samsung Suffers Loss<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a> <&sol;strong>has gathered that South Korean technology company &comma;Samsung Electronics &comma; on Friday&comma; said that its operating profit likely fell more than 30&percnt; in the third quarter&period;<br &sol;>&NewLine;The company added that an unusually high inflation has squeezed global demand for semiconductors&comma; smartphones and home appliances&period;<br &sol;>&NewLine;There is also an all-time low chip demands&period;<br &sol;>&NewLine;In issuing earnings guidance&comma; the South Korean company forecast that its operating profit declined 31&period;7&percnt; to 10&period;8 trillion and won &lpar;&dollar;7&period;7 billion&rpar; for the three months through September from the same period last year&period;<br &sol;>&NewLine;It estimates that its revenue&comma; which rose by 2&period;7&percnt; to 76 trillion won during the same period&period;<br &sol;>&NewLine;Samsung Electronics is a South Korean multinational electronics <a href&equals;"https&colon;&sol;&sol;punchng&period;com&sol;">corporation headquartered in Yeongtong-gu&comma; Suwon<&sol;a>&period;<br &sol;>&NewLine;It was founded by Lee Byung-chul in 1938 as a trading company&period; Over the next three decades&comma; the group diversified into areas including food processing&period;<&sol;p>&NewLine;<p><strong>Source&colon; Nikkei<&sol;strong><&sol;p>&NewLine;