{"id":12510,"date":"2019-04-25T09:56:52","date_gmt":"2019-04-25T00:56:52","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=12510"},"modified":"2024-01-30T10:19:36","modified_gmt":"2024-01-30T01:19:36","slug":"samsung-ct-posts-q1-2019-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2019-04-samsung-ct-posts-q1-2019-earnings\/","title":{"rendered":"Samsung C&amp;T posts Q1 2019 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12510\" class=\"elementor elementor-12510\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-55d866c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"55d866c5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c06d76b\" data-id=\"c06d76b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eaaeba0 elementor-widget elementor-widget-text-editor\" data-id=\"eaaeba0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Samsung C&amp;T Corporation posted its consolidated earnings for the first quarter of 2019 on April 24, Korean local time.<\/p><p>Overall, the company recorded KRW 7.357 tn in revenue, a 1.6% (KRW 119 bn) decrease from KRW 7.476 tn in Q1 2018. Operating profit was KRW 105 bn, down by 49.7% (KRW 104 bn) from KRW 209 bn in Q1 2018.<\/p><p>\u203b Consolidated earnings include revenue (KRW 125 bn) and operating profit (KRW \u25b335 bn) of Samsung Biologics, a subsidiary of Samsung C&amp;T<\/p><p>The year-on-year (YoY) decrease in revenue was mainly due to completion\/near completion of infrastructure and plant projects (Engineering &amp; Construction Group) and accumulated effects of falling raw material prices (Trading &amp; Investment Group). Operating profit fell as one-time costs, i.e. arbitration results for overseas construction projects, were reflected, amid performance improvements in the Fashion and Resort groups.<\/p><p>Looking forward, despite the adverse business environment, Samsung C&amp;T will seek to enhance profitability through maintaining its emphasis on efficiency\/solid growth and through improving the competitiveness of its products and services.<\/p><p>To download the full report, please click \u00a0<a href=\"http:\/\/www.samsungcnt.com\/report\/performInfo.do\">here<\/a>.<\/p>\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":"<p>Samsung C&amp;T Corporation posted its consolidated earnings for the first quarter of 2019 on April 24, Korean local time. Overall, the company recorded KRW 7.357 tn in revenue, a 1.6% (KRW 119 bn) decrease from KRW 7.476 tn in Q1 2018. Operating profit was KRW 105 bn, down by 49.7% (KRW 104 bn) from KRW [&hellip;]<\/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":[67,69,70,71,72,73],"class_list":["post-12510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability","tag-corporate-earnings-report","tag-engineering-construction-group","tag-fashion-group","tag-q1-earnings-report","tag-resort-group","tag-trading-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung C&amp;T posts Q1 2019 earnings - Samsung C&amp;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\/2019-04-samsung-ct-posts-q1-2019-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung C&amp;T posts Q1 2019 earnings - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Samsung C&amp;T Corporation posted its consolidated earnings for the first quarter of 2019 on April 24, Korean local time. 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