Samsung C&T Construction Division Q2 Operating Profit 283 Billion KRW... 7.2% Decrease YoY

Sales increased by 3.5% compared to the same period last year
Q2 order amount 4.211 trillion KRW

Samsung C&T Construction Division saw an increase in sales compared to the same period last year, driven by strong performance in large domestic and overseas projects in the second quarter, but operating profit declined.

Samsung C&T Construction Division Q2 Performance (Source: Samsung C&T)

Samsung C&T Construction Division announced on the 31st that it recorded sales of 4.915 trillion KRW and operating profit of 283 billion KRW in the second quarter of this year. Compared to the same period last year, sales decreased by 3.5% and operating profit decreased by 7.2%.

Sales by business segment were ▲ Architecture 3.968 trillion KRW ▲ Civil Engineering 183 billion KRW ▲ Plant 764 billion KRW. Domestic sales amounted to 2.553 trillion KRW, and overseas sales were 2.362 trillion KRW.

The order intake for the second quarter was 4.211 trillion KRW, an increase of 1.811 trillion KRW compared to the previous quarter. The order intake for the first half of the year was 6.611 trillion KRW. Order intake by sector in the second quarter was ▲ Architecture (4.147 trillion KRW) ▲ Plant (64 billion KRW). There were no orders in the civil engineering sector.

In the second quarter, projects such as Pyeongtaek Plant 4 (1.7 trillion KRW) and Samsung Seoul Hospital (400 billion KRW) were secured. In the new business sector, the company won projects including the Aegis Ansan Data Center pre-construction project.

Samsung C&T explained, "Sales increased compared to the same period last year due to favorable progress in large domestic and overseas projects, and operating profit maintained solid profitability based on stable site execution."

Samsung C&T's overall second-quarter performance recorded sales of 11.075 trillion KRW and operating profit of 900 billion KRW. Compared to the same period last year, sales increased by 4.0% and operating profit increased by 16.6%.

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