Lee maintains his innocence and is appealing his five-year sentence. AFP / SAUL LOEB
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The chief executive of Samsung Electronics resigned Friday, saying the South Korean tech giant was facing an "unprecedented crisis' even as it flagged record third-quarter profits.Friday's personnel announcement came shortly after the company said it was expecting to log 14.5 trillion won ($12.8 billion) in operating profits for the July-September quarter, an all-time record and nearly three times the 5.2 trillion won of the same period a year earlier.Yonhap Infomax data, based on research from 21 securities firms, also showed Samsung is expected to post an operating profit of 16 trillion won in the fourth quarter, up 74 percent from a year earlier.Analysts said the company was likely to post another all-time high quarterly operating profit of somewhere between 15 and 17 trillion won in the October-December period as IT/mobile business is expected to contribute greater earnings as well.Shares in Samsung Electronics closed 1.46 percent down Friday on heavy profit-taking.
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