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Samsung SDS Reports 60% Drop in Net Profit Due to One-Off Factor

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Seoul, April 23 (IANS) Samsung SDS, the information technology (IT) service arm of Samsung Group, said on Thursday its first-quarter net profit fell nearly 60 per cent from a year earlier due to a one-off factor.Net profit for the January-March period came to 91.8 billion won (US$62.1 million), down 57.8 percent from 217.7 billion won a year earlier, reports Yonhap news agency.Its operating profit tumbled 70.8 percent on-year to 78.3 billion won and sales fell 3.9 percent to 3.35 trillion won.Th…