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    Samsung's Q2 Operating Profit Hits 2-year Low

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    Wochit Headline News

    by Wochit Headline News

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    Samsung Electronics Co. said its second-quarter operating income has declined to a two-year low hit by the strong local currency and slowing demand for smartphones in China. The South Korean company said Tuesday in its earnings preview its operating income was 7.2 trillion won for the three months ending June 30. The quarterly profit represents a 24 percent drop from the previous year.