Samsung E&A announced on the 24th that its consolidated results for the second quarter of this year showed revenue of 2.178 trillion won, operating profit of 180.9 billion won, and net profit of 141.7 billion won. Compared to the same period last year, revenue, operating profit, and net profit decreased by 18.9%, 31.1%, and 31.0%, respectively.
The cumulative revenue for the first half of the year was 4.276 trillion won, with operating profit of 338.2 billion won and net profit of 298.9 billion won.
The cumulative orders reached 2.6484 trillion won in the first half, and the backlog of orders stood at 18.2 trillion won, equivalent to two years of last year's revenue. Achievements in the eco-friendly energy transition field were notable. In April, participation in the UAE biodegradable plastic project marked the entry into the Middle East's first eco-friendly plastic plant market, and in May, the company accelerated commercialization by launching the green hydrogen production technology solution 'Compass H2,' in partnership with the global hydrogen company Nel, in which it acquired equity this year. Additionally, a tech forum was held last month.
Samsung E&A noted that it expects visible order results in strategic regions such as the Middle East and North America in the second half of the year.
A representative from Samsung E&A explained the background of the performance, saying, "We achieved operating profit that exceeds market forecasts due to project cost improvements and settlement profits," and added, "Starting from the second half of this year, when the sales from the Saudi Padili gas plant ordered last year are fully reflected, performance is expected to recover, making it possible to achieve the annual operating profit target."
He also stated, "We will continue to ensure stable growth while focusing on project management and sound operations, and we will strengthen the foundation for future sustainable growth centered on long-term core strategies such as AHEAD (innovation technology) and E&Able (energy transition and eco-friendly fields)."