Samsung Electronics, the world's top memory chip maker, has reported a 5% fall in its second-quarter net profit as a result of falling chip prices due to global oversupply problems.
Samsung reported that it earned $1.55 during April-June. The profit was the lowest in four years, since the second quarter of 2003.
But the Korean company posted relatively strong gains in its mobile handset and flat panel divisions, helping offset the decline in the semiconductor sector.
It said it expected business to improve as chip prices seemed to have hit their lowest point in the second quarter.
