Samsung C&T(028260) fashion institutional sector said in a filing on the 29th that its preliminary second-quarter results this year came to 593 billion won in sales and 54 billion won in operating profit. Compared with a year earlier, sales rose 16.3% and operating profit increased 63.6%.
Samsung C&T fashion institutional sector said performance growth was driven by stronger product competitiveness and improved operational capabilities as consumer sentiment recovered. It analyzed that both expansion in scale and improvement in profitability appeared simultaneously as in-house brands and imported brands grew evenly.
Samsung C&T said, "The second half is expected to present a challenging business environment due to concerns over a contraction in consumer sentiment, but we will continue to strengthen product and brand competitiveness to pursue annual sales growth and improved profitability."