Samsung Electronics Co Ltd (SMSN.L,SSNNF.OB,SSNLF.OB) reported a profit for the third-quarter that decreased 24.16 percent from the previous year. But quarterly sales rose 3.79 percent from the prior year.
The company said that its board approved the appointment of Jay Lee as Executive Chairman of the company. The appointment was recommended by Independent Director and Board Chairman Han-Jo Kim.
The Board cited the current uncertain global business environment and the pressing need for stronger accountability and business stability in approving the recommendation.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.