Samsung C&T said on the 29th that its trading division's operating profit for the first quarter was provisionally tallied at 109 billion won, up 73% from the same period a year earlier.
Revenue for the same period was provisionally tallied at 4.114 trillion won, up 19.7%.
By division, the trading business responded proactively to global market fluctuations caused by the Middle East war and achieved sales results in essential industrial materials such as steel, fertilizer and nonferrous metals.
The solar development business division also posted sale revenue in Australia in addition to the North American market, recording a total of $22.2 million in sale gains in the first quarter.
A Samsung C&T official said, "We will aggressively expand the trading value chain for essential industrial materials, while accelerating growth in renewable energy businesses including solar and energy storage systems (ESS), and pursue new businesses in tech fields such as semiconductor materials, parts and equipment."