Samsung C&T, Q2 Operating Profit 900 Billion KRW... Up 16.6% YoY

Sales Increased by 4% to 11.005 Trillion Won

Samsung C&T announced on the 31st that its operating profit for the second quarter of this year was 900 billion KRW, an increase of 16.6% compared to the same period last year. During the same period, sales amounted to 11.005 trillion KRW, up 4.0% year-on-year.

A Samsung C&T official explained, "Despite the expansion of global uncertainties and changes in the business environment, we maintained solid performance based on a diverse business portfolio and profitability across divisions."

By division, the Trading Division recorded sales of 3.399 trillion KRW and operating profit of 72 billion KRW. Due to unstable external conditions and a slowdown in steel demand, sales decreased by 117 billion KRW and operating profit decreased by 42 billion KRW compared to the same period last year. However, sales increased by approximately 493 billion KRW compared to the previous quarter due to an expansion in copper trading volume.

The Construction Division posted sales of 4.915 trillion KRW and operating profit of 283 billion KRW. Sales increased year-on-year due to favorable progress in large domestic and overseas projects, and operating profit maintained solid profitability based on stable project execution.

The Fashion Division recorded sales of 513 billion KRW and operating profit of 52 billion KRW. It posted weaker results compared to the same period last year due to a contraction in consumer sentiment in the fashion market and the off-season effect.

The Resort Division recorded sales of 1.021 trillion KRW and operating profit of 66 billion KRW. Both sales and operating profit increased year-on-year due to collaborations with external IPs, increased visitors driven by the Panda effect, and strong performance in the food and beverage business.

A Samsung C&T official emphasized, "We are exploring various business opportunities and expanding the value chain to secure new growth engines. We are securing future growth drivers through participation in domestic green hydrogen demonstration projects and overseas green hydrogen EPC projects, investment in innovative technologies in the next-generation bio-therapeutics field, and exploring new business opportunities. We will continue to make efforts for stable growth in the future."

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