(MENAFN) Data showed that earnings by South Korea's listed firms dipped by more than 33 percent in the third quarter on weak Japanese yen and poor domestic demand, Yonhap reported.
The combined net profit of 488 firms listed came to USD12.64 billion on a consolidated basis in the July-September period, down 33.4 percent from a year earlier.
Meanwhile, their operating income also sank by a whopping 25.4 percent over a year earlier to USD19.05 billion, the data compiled by the Korea Exchange (KRX) showed.
Samsung Electronics Co., the world's top maker of smartphones, posted the largest net profit of USD3.78 billion in the third quarter, sharply down 48.8 percent from a year earlier.
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