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Samsung Q3 Profit Drops; Approves Appointment Of Jay Lee As Executive Chairman

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.

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by RTTNews Staff Writer

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