Samsung announced a record consolidated revenue of 76.78 trillion Korean won (US$54 billion) for the third quarter of 2022, while profit was down from the previous quarter and year on year. The operational profit of the IT behemoth (KRW 10.85 trillion or US$7.6 billion) has dropped 23 percent from the second quarter and 31.4 percent from the same time last year. Samsung’s operational profit from July to September 2021 was KRW 15.82 trillion, a 26 percent increase over the previous quarter. The firm said in its results report that its many divisions have been dealing with lackluster demand in the face of global economic turmoil.
