(MENAFN) South Korea-based Samsung announced that its net profit in the fourth quarter of last year dropped, registering the first decrease in quarterly profit in two years, The Peninsula Qatar reported
The tech-giant's operating profit in the period came at USD7.8 billion, falling 18 percent from the period before it, and 6.0 from the same period a year ago
Net profit for the company increased 3.7 percent from the corresponding period in 2012, but plunged from an increase of 25.6 percent in 2013's third quarter
Head of Samsung's investor relations said: "Amid macroeconomic uncertainties such as a strong Korean won and increased concerns over possible quantitative easing tapering in the US, our earnings were lower than what the market expected.
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