Samsung SDS Q3 Net Income Falls 9.6% to KRW 176.51 Billion; Shares Drop 7.42%

Samsung SDS Co., Ltd. (018260.KS) reported Thursday a 9.6% decline in third-quarter net income attributable to shareholders, to KRW 176.51 billion from KRW 195.16 billion a year earlier, despite higher sales. Shares fell 7.42% to KRW 206,000 on the Korean Stock Exchange. Operating income rose to KRW 240.98 billion from KRW 232.30 billion, while sales increased to KRW 3.77 trillion from KRW 3.39 trillion in the prior-year period. The South Korean information technology and logistics services company's profit decline came even as revenue growth accelerated.