On Monday, Samsung Engineering Co. reported its third-quarter net income of 155.9 billion won (US$115 million), a 3.9 percent decrease from the same time period a year prior. Operating profit for the July-September period also declined 4.4 percent year-on-year to 153.4 billion won, while sales rose 0.8 percent to 2.47 trillion won.
The results failed to meet market expectations, with analysts forecasting a net profit of 162.4 billion won, according to a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.
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