Samsung C&T, Q1 Operating Profit 541.6 Billion KRW... 79.0% Increase YoY (Update)

Samsung C&T announced on the 27th that its consolidated first-quarter results for this year recorded sales of 10,439.689 billion KRW and operating profit of 541.67 billion KRW. This represents an increase of 33.2% in sales and 79.0% in operating profit compared to the same period last year.

Samsung C&T explained that in the first quarter, the results of efforts to improve management structure and strengthen competitiveness became visible, leading to improvements in overall company sales and operating profit.

The trading division expanded profitability by enhancing operational competitiveness and proactively managing risks based on a policy of selection and concentration, thereby improving management efficiency.

The fashion division saw improved performance due to strong sales across all business sectors following a recovery in consumer sentiment. The construction division showed favorable results as large-scale project construction began in earnest. The bio subsidiary improved its profit contribution due to increased factory operating rates.

Samsung C&T stated that it plans to continue improving profitability in the second quarter based on the improved business structure and to maintain a solid profit structure across business divisions.

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