Samsung C&T Q2 Operating Profit 555.9 Billion KRW... Up 30.7% YoY

Sales increased by 26.6% to 10.8186 trillion won

[Asia Economy Reporter Kiho Sung] Samsung C&T posted strong performance across all sectors, including trading and construction, in the second quarter of this year. As a result, it recorded the highest quarterly sales and operating profit to date.

Samsung C&T announced on the 27th that its sales for the second quarter of this year reached KRW 10.819 trillion, and operating profit was KRW 556 billion.

Sales increased by 26.6% compared to KRW 8.548 trillion in the same period last year. Operating profit also rose by 30.8% from KRW 425 billion in the previous year. Both sales and operating profit represent the highest quarterly results in Samsung C&T’s history.

Sales in the trading division were KRW 5.415 trillion, up 26.0% from KRW 4.297 trillion in the same period last year, while operating profit increased by 43.3% to KRW 129 billion from KRW 90 billion.

Construction division sales reached KRW 3.359 trillion, a 26.3% increase from KRW 2.659 trillion in the previous year. Operating profit also grew by 37.2% compared to KRW 113 billion in the same period last year.

Fashion division sales were KRW 515 billion, up 16.0% from KRW 444 billion in the previous year. Operating profit also rose 44.2% to KRW 62 billion from KRW 43 billion. The fashion sector’s performance improved due to strong sales across all business units driven by a recovery in consumer sentiment.

Resort division sales increased by 18.9% to KRW 875 billion from KRW 736 billion in the same period last year, while operating profit surged 133.3% to KRW 56 billion from KRW 24 billion.

The company explained that despite worsening external business conditions in the second quarter, overall sales and operating profit increased as efforts to improve management structure and strengthen competitiveness became visible.

A Samsung C&T official said, "In trading, profitability has continuously expanded by enhancing operational efficiency through differentiated competitiveness in sales and proactive risk management based on a strategy of selection and concentration. Construction showed strong performance as large-scale project construction began in earnest, and our subsidiary Bio contributed to sustained profits through increased factory utilization."

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