Samsung E&A Q3 Operating Profit 203.9 Billion KRW... Up 32.9% YoY

Sales of 2.317 trillion KRW

Samsung E&A announced on the 24th that it recorded an operating profit of 203.9 billion KRW in the third quarter of this year, a 32.9% increase compared to the same period last year.

During the same period, sales decreased by 6.5% to 2.317 trillion KRW. For the cumulative third quarter, sales reached 7.388 trillion KRW, and operating profit was 675.9 billion KRW.

Samsung E&A Headquarters Building. [Photo by Samsung E&A]

Samsung E&A explained, "Despite the uncertain external environment, we maintained a solid performance flow through project profit and loss management and execution innovation," adding, "Profit margins improved due to cost improvements in the final stages of major petrochemical projects, and the industrial environment sector also maintained a stable profit structure."

Third-quarter orders amounted to 592.4 billion KRW, with cumulative orders for the year reaching 11.5095 trillion KRW, achieving 91.3% of the annual order target of 12.6 trillion KRW. As a result, as of the end of the third quarter, the order backlog stood at 21.9 trillion KRW, securing a substantial workload equivalent to about two years based on last year's sales.

A company official emphasized, "Based on the abundant order backlog, we plan to continue a profitability-focused order strategy such as the FEED to EPC strategy," and added, "We will also continue to promote new businesses in the hydrogen and carbon neutrality sectors in the era of energy transition to lay the foundation for sustainable mid- to long-term growth."

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