Samsung Engineering Achieves Highest Performance in 9 Years with Operating Profit of 503.3 Billion Won Last Year

Last year's annual sales reached 7.4698 trillion KRW, up 10.9% YoY
Operating profit also rose 39.3% YoY, the highest since 2012

[Asia Economy Reporter Park Sun-mi] Samsung Engineering's operating profit last year recorded the highest level in nine years.

On the 27th, Samsung Engineering announced that its consolidated operating profit for last year was tentatively estimated at 503.3 billion KRW, a 39.3% increase compared to the same period last year. This is the largest scale since 732.3 billion KRW in 2012.

Sales increased by 10.9% year-on-year to 7.4867 trillion KRW, and net profit rose by 39.2% to 351.1 billion KRW.

Looking at the fourth quarter of last year, sales and net profit recorded 2.5135 trillion KRW and 57.9 billion KRW respectively, growing 35.5% and 20.7% compared to the same period last year. Operating profit was 106.7 billion KRW, up 33.9% from the same period last year.

New orders in the fourth quarter amounted to 2.6667 trillion KRW, and approximately 7 trillion KRW for the entire year. Samsung Engineering stated, "We exceeded our annual targets of 6 trillion KRW in orders, 6.8 trillion KRW in sales, and 390 billion KRW in operating profit." The order backlog stood at approximately 16.4 trillion KRW, securing work equivalent to 2 years and 2 months based on last year's sales.

They also disclosed this year's order targets. Samsung Engineering announced goals of 8 trillion KRW in orders, 8.5 trillion KRW in sales, and 610 billion KRW in operating profit for this year.

This content was produced with the assistance of AI translation services.