{"id":10701,"date":"2018-10-24T17:08:40","date_gmt":"2018-10-24T08:08:40","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=10701"},"modified":"2024-01-30T10:20:15","modified_gmt":"2024-01-30T01:20:15","slug":"samsung-ct-announces-q3-2018-results","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2018-10-samsung-ct-announces-q3-2018-results\/","title":{"rendered":"Samsung C&T Announces Q3 2018 Results"},"content":{"rendered":"\t\t
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– Consolidated revenue of KRW 7.781 tn with operating profit of KRW 274 bn<\/p>

– Met market expectations by maintaining quarterly OP in excess of KRW 200 bn, backed by stable performance from\u00a0E&C, T&I, and Resort groups\u00a0(*Q3 OP market expectations for C&T: KRW 260bn)<\/p>

– Company to continue to seek stable profit growth on strategy of sound management and differentiated\u00a0competitiveness<\/p>

Samsung C&T on October 24 posted KRW 7.781 tn in consolidated revenue and KRW 274 bn in operating profit. This is a 4%, or KRW 288 bn, year-over-year increase in revenue from KRW 7.493 tn in Q3 2017 and a 30%, or KRW 64 bn, increase in operating profit from KRW 210 bn in the same period last year.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The growth in revenue was led by the Trading & Investment Group, which saw an increase in trade volume. Operating profit marked a year-on-year increase thanks to improvements in profitability of projects by the Engineering & Construction Group.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Engineering & Construction Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The E&C Group posted KRW 2.824 tn in revenue, down 9.7%, or KRW 302 bn,<\/strong>\u00a0from KRW 3.126 tn in Q3 2017. Operating profit was KRW 204 bn, up 113%, or KRW 108 bn,<\/strong>\u00a0from KRW 96 bn in Q3 2017.<\/p>

While completion of large-scale projects resulted in slight dip in the Group\u2019s revenue compared to Q3 2017, commencement of high-profit projects in both Korea and abroad led to a significant growth in operating profit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Trading & Investment Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The T&I Group posted KRW 3.79 tn in revenue and KRW 38 bn in operating profit. Revenue rose by 19%, or KRW 595 bn, from KRW 3.195 tn in Q3 2017, whereas operating profit fell by 14%, or KRW 6 bn, from KRW 44 bn in Q3 2017.<\/p>

The revenue growth was led by an increase in global trade volume, while a slight fall in operating profit stemmed from reduced profitability in areas such as the Group\u2019s U.S. textiles infrastructure business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Fashion Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Fashion Group posted KRW 389 bn in revenue, which is a 4%, or KRW 15 bn, increase from KRW 374 bn in Q3 2017. Operating profit was negative KRW 18 bn, which is down by KRW 5 bn from negative KRW 13 bn in Q3 2017.<\/p>

The Group recorded growth compared to Q3 2017 in revenue on the back of strong sales performance from its major clothing brands. However, marketing expenses related to the launch of a new sportswear brand resulted in the operating loss increase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Resort Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Resort Group posted KRW 677 bn in revenue, which is a 1%, or KRW 7 bn, increase from KRW 670 bn in Q3 2017. Operating profit was KRW 51 bn, down by 31%, or KRW 23 bn, from KRW 74 bn in Q3 2017.<\/p>

Revenue increased thanks to strong performance from the overseas F&B (food & beverage) and food ingredient businesses, while operating profit fell due to decreased profits\/increased costs in the landscaping business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Click here to download the full Q3 2018 Earnings Report<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

– Consolidated revenue of KRW 7.781 tn with operating profit of KRW 274 bn – Met market expectations by maintaining quarterly OP in excess of KRW 200 bn, backed by stable performance from\u00a0E&C, T&I, and Resort groups\u00a0(*Q3 OP market expectations for C&T: KRW 260bn) – Company to continue to seek stable profit growth on strategy […]<\/p>\n","protected":false},"author":1,"featured_media":47499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[736,67,193,345,346,912,206,348,349,90,91,350,351,352,353,151,354,342,913,187],"class_list":["post-10701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability","tag-construction","tag-corporate-earnings-report","tag-fashion","tag-operating-loss","tag-operating-profit","tag-q3-earnings-report","tag-resort","tag-revenues","tag-sales","tag-samsung-ct","tag-samsung-ct-construction-group","tag-samsung-ct-ec-group","tag-samsung-ct-earnings","tag-samsung-ct-earnings-report","tag-samsung-ct-fashion-group","tag-samsung-ct-resort-group","tag-samsung-ct-ti-group","tag-samsung-ct-trading-group","tag-third-quarter-earnings","tag-trading"],"acf":[],"yoast_head":"\nSamsung C&T Announces Q3 2018 Results - Samsung C&T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2018-10-samsung-ct-announces-q3-2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung C&T Announces Q3 2018 Results - Samsung C&T Newsroom\" \/>\n<meta property=\"og:description\" content=\"– Consolidated revenue of KRW 7.781 tn with operating profit of KRW 274 bn – Met market expectations by maintaining quarterly OP in excess of KRW 200 bn, backed by stable performance from\u00a0E&C, T&I, and Resort groups\u00a0(*Q3 OP market expectations for C&T: KRW 260bn) – Company to continue to seek stable profit growth on strategy […]\" \/>\n<meta property=\"og:url\" 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