Samsung Engineering Q3 Operating Profit 153.4 Billion KRW... 4.4% Decrease YoY

Cumulative Operating Profit of 723.3 Billion KRW... Achieving 94.5% of Annual Target
Cumulative Orders This Year Total 6.7571 Trillion KRW

Samsung Engineering announced on the 30th that its Q3 sales operating profit was 153.4 billion KRW, a 4.4% decrease compared to the same period last year.

During the same period, sales increased by 0.8% to 2.4781 trillion KRW, while net profit decreased by 3.9% to 155.9 billion KRW.

For the cumulative Q3 period, sales reached 7.7975 trillion KRW, operating profit was 723.3 billion KRW, and net profit was 583.2 billion KRW. This means operating profit achieved 94.5% of this year’s annual target (765 billion KRW) within just three quarters.

Samsung Engineering stated, "Despite uncertain external conditions, we focused on improving profitability by applying innovative technologies such as modularization and automation to projects and managing project profitability. We maintained a solid performance trend through stable execution at major overseas sites including Mexico, Malaysia, and Saudi Arabia, as well as in the industrial environment sector."

Q3 orders amounted to 2.938 trillion KRW, with cumulative orders for the year reaching 6.7571 trillion KRW, resulting in an order backlog of approximately 18 trillion KRW. In September, Samsung Engineering secured the basic design (FEED) contract for the Saudi Al-Ulaizan petrochemical plant, continuing the success of its technology-competitiveness-based 'FEED to Engineering, Procurement, and Construction (EPC) strategy.' The company plans to continue a profitability-focused selective order strategy centered on the Middle East and Southeast Asia regions.

A Samsung Engineering official said, "We will secure differentiated competitiveness by advancing our execution system based on innovative technologies," adding, "In the era of energy transition, we will accelerate new business initiatives such as hydrogen and carbon neutrality to strengthen the foundation for sustainable mid- to long-term growth."

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