Samsung E&A said on the 23rd that operating profit under consolidation last year was 792.1 billion won, according to a regulatory filing. That was an 18.5% decrease from a year earlier. However, it exceeded the annual target of 700 billion won.
Samsung E&A said it exceeded its annual operating profit target by securing cost competitiveness through performance differentiation based on innovative technology.
Last year's revenue was 9.0288 trillion won, down 9.4% from the previous year, but net profit rose 1.5% in the same period to 648.3 billion won.
Last year's annual orders and order backlog were 6.4 trillion won and 17.8 trillion won, respectively.
Fourth-quarter operating profit last year was 277.4 billion won, down 6.2% from a year earlier. Fourth-quarter revenue was 2.7572 trillion won and net profit was 192 billion won, up 6.9% and 72.9%, respectively.
Meanwhile, Samsung E&A also announced through the filing that this year it expects 12 trillion won in orders, 10 trillion won in revenue, and 800 billion won in operating profit.