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.
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.