[Special Stock] Samsung C&T Surges Over 6% on Q3 Earnings Surprise

[Asia Economy Reporter Myunghwan Lee] Samsung C&T is showing strong performance in the market on the morning of the 27th. This appears to be due to its excellent results, including operating profit nearly five times higher in the third quarter of this year compared to last year.

As of 10:05 AM today, Samsung C&T is trading at 119,500 KRW, up 6.70% (7,500 KRW) from the previous trading day.

Samsung C&T announced yesterday that its consolidated operating profit for the third quarter of this year is preliminarily estimated at 796.8 billion KRW, a 465.1% increase compared to the same period last year. During the same period, sales increased by 35.6% to 11.2556 trillion KRW, and net profit rose by 59.1% to 596.8 billion KRW.

The company explained, "Overall sales and operating profit increased based on balanced growth across business divisions and a solid profit structure."

Researcher Byunghwa Han of Eugene Investment & Securities attributed the strong performance to "the construction division's high-tech process boom, settlement gains, and the full-scale start of sales from new overseas projects, which caused quarterly margins to surge to 7.7%," adding, "improvements in the bio division's CMO production expansion and favorable exchange rate effects also contributed to the better results."

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