Samsung Q4 Profit Drops On Weak Chip And Phone Sales; Sees Weaker 2019 Earnings

SEOUL (dpa-AFX) – Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the fourth-quarter that decreased about 30.7 percent from last year, reflecting a drop in demand for memory chips used in data centers and smartphone. Quarterly operating profit also declined 28.7 percent from the previous year.