Samsung Heavy Industries Reports Operating Loss of 255.8 Billion KRW in Q2 This Year... Deficit Narrowed Compared to Same Period Last Year
[Asia Economy Reporter Seo Mideum] Samsung Heavy Industries announced on the 29th that it has tentatively recorded an operating loss of 255.8 billion KRW for the second quarter of this year on a consolidated basis. The deficit narrowed compared to the same period last year (437.9 billion KRW).
Sales amounted to 1.4262 trillion KRW, a 16.9% decrease compared to the same period last year. Net loss was 39.1 billion KRW, with the deficit shrinking.
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Samsung Heavy Industries explained that due to Russia's invasion of Ukraine, which began earlier this year, Russian projects that were in the design phase were somewhat delayed, causing sales shortfalls compared to plans. However, in the second half of the year, sales are expected to increase by about 15% compared to the first half as the volume of merchant ship construction rises and construction work for the Gyeonggi Pyeongtaek semiconductor plant intensifies.
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