Samsung C&T Construction Division Posts 536 Billion Won Operating Profit Last Year... Down 46% from Previous Year

Samsung C&T Headquarters view. Photo by Samsung C&T

Last year, the construction division of Samsung C&T Corporation recorded an operating profit of 536 billion won. This represents a decrease of approximately 46% compared to the previous year, due to the completion phase of large-scale projects.

On January 28, Samsung C&T Corporation's construction division announced through its performance disclosure that its annual revenue for last year was 14.148 trillion won, and its operating profit was 536 billion won.

Revenue decreased by 4.507 trillion won compared to the previous year's 18.655 trillion won, while operating profit dropped by 465 billion won from the previous year's 1.001 trillion won.

A representative from Samsung C&T Corporation explained, "As large-scale projects, including high-tech projects, reached the completion stage, both revenue and operating profit declined."

In the fourth quarter, operating profit was 148 billion won, an increase of 3 billion won compared to the same period last year (145 billion won). Revenue was 4.044 trillion won, up by 370 billion won from the same period last year (3.674 trillion won).

Samsung C&T Corporation stated that the company maintained solid profitability and saw increases in both revenue and operating profit compared to the same period last year, driven by the full-scale revenue recognition from new overseas plant projects and others.

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