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Samsung Hits 30% Operating Profit Despite Note 7 Fiasco

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The world's largest smartphone maker Samsung has seen its operating profit plunge by 30%, pulled down by the recall of its high-end Note 7 phone. Operating profit for third quarter stood at 5.2tn won ($4.6bn, £3.8bn), down from 7.3tn won last year. The figures mark the lowest level of operating profit for the South Korean company in two years. Samsung halted production of Galaxy Note 7

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