Samsung E&A reported on the 17th that it provisionally recorded a consolidated revenue of 9.9666 trillion won and an operating profit of 971.6 billion won for the previous year. Revenue and operating profit decreased by 6.2% and 2.2%, respectively, compared to the same period last year, but exceeded the annual operating profit target.

Samsung E&A Headquarters view. /Courtesy of Samsung E&A

In the fourth quarter, revenue was 2.5786 trillion won and operating profit was 295.8 billion won, marking a 9.6% increase in operating profit and an 8.8% decrease in revenue compared to the same period last year.

A Samsung E&A official noted that the performance improvement was due to the application of differentiated execution systems such as modularization and profit-centered cost management, which improved the profits of major chemical projects despite one-time expenses, such as the bond call for the Thailand project.

Meanwhile, Samsung E&A is expected to announce the confirmed provisional results for the fourth quarter and annual results for 2024 through a disclosure on the 23rd.