Samsung Electronics’ operating profit fell more than 17 percent in the fourth quarter of last year compared to the third quarter. 

The South Korean tech giant said Friday that it posted an operating profit of six-point-one trillion won in the fourth quarter, down by 17-point-five percent from the third quarter.

Compared with the fourth quarter of 2014, however, it rose by 15-point-three percent.

It is the first time in five quarters the company posted a negative on-quarter growth in operating profit.

Samsung’s operating profit reached a record high in the third quarter of 2013 at 10-point-16 trillion won, before sliding to four-point-06 trillion won in the third quarter of 2014.

Since the third quarter of 2014, Samsung’s operating profit had improved gradually through the third quarter of 2015, when its flagship semiconductor business secured record high numbers.

Meanwhile, the company reported fourth quarter sales of 53 trillion won. The amount marked a two-point-six percent growth on-quarter and a half-percent on-year growth.