Samsung E&A's Operating Profit Last Year 971.6 Billion KRW... 2.2% Decrease Compared to Previous Year
by Kim HyeongMin
Published 17 Jan.2025 08:01(KST)
Updated 17 Jan.2025 08:15(KST)
Sales Reach 9.9666 Trillion KRW, Down 6.2% Year-on-Year
"Profit Improvement in Major Chemical Projects"
Samsung E&A announced on the 17th that its consolidated operating profit for the past year was tentatively estimated at 971.6 billion KRW, exceeding the annual target of 800 billion KRW. This figure represents a 2.2% decrease compared to the previous year.
Sales amounted to 9.9666 trillion KRW, down 6.2% from the previous year. Operating profit for the fourth quarter was 295.8 billion KRW, an increase of 9.6% compared to the same period last year. Sales for this quarter were 2.5786 trillion KRW.
Samsung E&A explained the performance background by stating, "The application of differentiated execution systems such as modularization and profitability-focused cost management improved profits in major chemical projects, resulting in a solid performance trend despite one-time costs such as bond calls (contract performance guarantee claims) on the Thailand project."
Samsung E&A will announce the finalized results for the fourth quarter and the full year of 2024 through a disclosure on the 23rd.
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