Samsung Engineering Q2 Operating Profit 344.5 Billion KRW... Up 124.5%

Q2 Sales Increased by 11.7% to 2.7859 Trillion KRW

Samsung Engineering announced on the 27th that its consolidated operating profit for the second quarter increased by 124.5% year-on-year to 344.5 billion KRW. Sales rose 11.7% to 2.7859 trillion KRW, and net profit grew 80.1% to 251.4 billion KRW. Orders received in the second quarter amounted to 1.7164 trillion KRW. As a result, cumulative orders for the first half of the year reached 3.8191 trillion KRW, with an order backlog of approximately 17.3 trillion KRW.

Samsung Engineering stated, "Through innovations in design, procurement, and construction (EPC) execution such as modularization and automation, profitability improved at major petrochemical sites in Mexico, Malaysia, and the Middle East," adding, "the industrial environment sector also maintained a stable profit structure, showing a solid performance trend."

Samsung Engineering plans to continue its strategy of linking from basic design (FEED) to EPC to secure stable profits. It will continuously participate in overseas petrochemical bids in the Middle East and Southeast Asia, maintaining order-winning performance. Additionally, it will expand its business by entering the recently spotlighted Sustainable Energy market.

A Samsung Engineering official said, "We plan to continue stable growth through profitability-focused project management and sound management," adding, "We will sustain company-wide innovation activities to enhance productivity and efficiency, accelerate new business initiatives such as hydrogen and carbon neutrality, and secure future growth engines."

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