Samsung operating profit plunges 30% in wake of Note 7 fiasco
South Korean technology giant Samsung has seen profits plunge after the recall of its Galaxy Note 7 smartphone.
Operating profit between July and September fell 30% from a year earlier to 5.2tn won ($4.6bn, £3.8bn) - the lowest level in two years.
The world's largest smartphone manufacturer stopped making the Note 7 after reports of them catching fire.
Meanwhile the firm's shareholders have backed Samsung heir apparent Lee Jae-yong joining the board.
He is grandson of the firm's founder Lee Byung-chull. and the son of Samsung chairman Lee Kun-hee.
The appointment is being seen as a major step towards his overall control of the family-run group.
But Mr Lee's appointment has raised some questions from critics who say he has not held any major role at the firm and was taking a place on the board through birth rather than by merit.
Grandson of Samsung founder Lee Byung-chul, son of current chairman Lee Kun-hee.
- Aged 48, he's spent his entire career in the company and is vice chairman of Samsung Electronics.
- Last year was nominated to join the board of Samsung Electronics - an appointment confirmed on 27 October.
- Widely expected to take overall control of Samsung once his 74-year-old father steps down.
- Critics say his position on the board is due to his birth, not his business experience.