October 29, 2014 / 11:49 PM / 3 years ago

Samsung Electronics third-quarter operating profit down 60.1 percent on year

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) said third-quarter profit fell 60.1 percent from a year earlier to the lowest in more than three years, as earnings for the mobile division continued to shrink.

Customers attend a workshop about the Samsung Galaxy S5 in Jakarta, April 11, 2014. REUTERS/Beawiharta

The world’s top smartphone maker on Thursday reported a July-September operating profit of 4.1 trillion won ($3.90 billion), in line with its estimates issued earlier in October.

Profit for the mobile division, which drove Samsung’s earnings growth in 2012 and 2013, shrank to 1.75 trillion won from 6.70 trillion won a year earlier. This was the weakest since the second quarter of 2011.

Reporting by Se Young Lee; Editing by Stephen Coates

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