On the 30th, Samsung C&T announced that its consolidated operating profit for the first quarter of this year was 159 billion won.
Due to the completion of large domestic and international projects and a decrease in high-tech volume, operating profit decreased by 57.0% (178 billion won) compared to the same period last year (337 billion won). However, it increased by 14 billion won compared to the previous quarter (145 billion won).
Sales during the same period were recorded at 36.2 billion won, a decrease of 35.2% (19.64 billion won) from 55.84 billion won.
Samsung C&T noted that the completion of large overseas projects and the transition into a成熟期 of processes led to a slight decrease in sales and operating profit. However, it stated that operating profit increased slightly compared to the previous quarter, based on improvements centered around revenue and competitiveness.
Samsung C&T plans to continue securing contracts centered around its business sites in key locations such as Apgujeong and Yeouido in the second half of this year.