(MENAFN- Qatar News Agency) Oul July 31 (QNA) -Samsung Electronics Co. the world's top maker of smartphones said Thursday its second-quarter net profit fell 19.5 percent from a year earlier as its mainstay handset business suffered from rising competition in the global market. Net income came to 6.25 trillion won (US$6.1 billion) in the April-June period compared with 7.77 trillion won a year earlier the company said in a regulatory filing. Sales fell 8.89 percent on-year to 52.35 trillion won in the second quarter. Its operating profit came to 7.19 trillion won down 24.59 percent from the previous year. The figures were in line with Samsung's guidance released earlier this month that estimated the second-quarter operating profit at 7.2 trillion won and sales at 52 trillion won. Shares of Samsung Electronics closed at 1395000 won on Wednesday up 0.65 percent from the previous session when the KOSPI advanced 1 percent.(QNA)
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