{"id":19028,"date":"2020-10-28T16:39:22","date_gmt":"2020-10-28T07:39:22","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=19028"},"modified":"2024-01-30T10:15:18","modified_gmt":"2024-01-30T01:15:18","slug":"samsung-ct-q3-2020-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2020-10-samsung-ct-q3-2020-earnings\/","title":{"rendered":"Samsung C&amp;T Q3 2020 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19028\" class=\"elementor elementor-19028\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5083ae5c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5083ae5c\" 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-4520ec6c\" data-id=\"4520ec6c\" 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-958c518 elementor-widget elementor-widget-text-editor\" data-id=\"958c518\" 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 posted KRW 7.85Tn in revenue and KRW 216Bn in operating profit for Q3 2020. Despite COVID-19\u2019s prolonged negative effects on the business environment, the company will strive to achieve its annual goals and secure long-term competitiveness through efforts to enhance the efficiency of existing operations and develop new growth drivers.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1eaea58 elementor-widget elementor-widget-heading\" data-id=\"1eaea58\" data-element_type=\"widget\" data-widget_type=\"heading.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-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Overall Performance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4e7a0d elementor-widget elementor-widget-text-editor\" data-id=\"e4e7a0d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 7.85Tn, yoy KRW 115Bn (1.5%) increase from KRW 7.735Bn in Q3 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 216Bn, similar to Q3 2019 KRW (KRW 216Bn)<\/p><p>Revenue recorded year-over-year (yoy) growth on the back of progress at construction sites.<\/p><p>Operating profit also rose yoy as China\u2019s economic recovery led an increase in demand for commodities (Trading &amp; Investment Group) and greater capacity utilization of BioLogics\u2019 plants.<\/p><p>* Q3 earnings includes KRW 275Bn revenue and KRW 45bn operating profit from subsidiary Samsung BioLogics<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-789f8ac elementor-widget elementor-widget-heading\" data-id=\"789f8ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Engineering & Construction Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-438f028 elementor-widget elementor-widget-text-editor\" data-id=\"438f028\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 3.107Tn, yoy KRW 261Bn (9.2%) increase from KRW 2.846Tn in Q3 2019<\/p><p><strong>Operating Profit:<\/strong> KRW 124Bn, yoy KRW 18Bn (12.7%) decrease from KRW 142Bn in Q3 2019<\/p><p>Revenue grew yoy due to good progress at plants and building sites both at home and overseas, while revenue fell as COVID-19 led to cost increases at some construction sites.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e556760 elementor-widget elementor-widget-heading\" data-id=\"e556760\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trading & Investment Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3571f2c elementor-widget elementor-widget-text-editor\" data-id=\"3571f2c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 3.46Tn, yoy KRW 125Bn (3.5%) decrease from KRW 3.585Tn in Q3 2019<strong><br \/><\/strong><\/p><p><strong>Operating Profit:<\/strong> KRW 46Bn, yoy KRW 19Bn (70.4%) increase from KRW 27Bn in Q3 2019<strong><br \/><\/strong><\/p><p>Revenue fell yoy as COVID-19 continued to affect trade volumes, while operating profit grew on increased demand for commodities following China\u2019s economic recovery.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f142cfb elementor-widget elementor-widget-heading\" data-id=\"f142cfb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fashion Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb3d87b elementor-widget elementor-widget-text-editor\" data-id=\"cb3d87b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 341Bn, yoy KRW 34Bn (9.1%) decrease from KRW 375Bn in Q3 2019<strong><br \/><\/strong><\/p><p><strong>Operating Profit: <\/strong>KRW 14Bn loss, slight improvement from KRW 15Bn loss in Q3 2019<strong><br \/><\/strong><\/p><p>Revenue fell yoy due to decreased consumption and seasonality, while operating profit was maintained at a similar level to Q3 2019 through reduced spending and SG&amp;A savings.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dcb3df2 elementor-widget elementor-widget-heading\" data-id=\"dcb3df2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Resort Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f06ddac elementor-widget elementor-widget-text-editor\" data-id=\"f06ddac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Revenue: <\/strong>KRW 667Bn, yoy KRW 77Bn (10.3%) decrease from KRW 774Bn in Q3 2019<strong><br \/><\/strong><\/p><p><strong>Operating Profit: <\/strong>KRW 15Bn, yoy KRW 35Bn (70.0%) decrease from KRW 50Bn in Q3 2019<strong><br \/><\/strong><\/p><p>Both revenue and operating profit fell yoy amid tighter social distancing following a resurgence of COVID-19, in addition to other factors such as the longest Korean monsoon season on record.<\/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 posted KRW 7.85Tn in revenue and KRW 216Bn in operating profit for Q3 2020. Despite COVID-19\u2019s prolonged negative effects on the business environment, the company will strive to achieve its annual goals and secure long-term competitiveness through efforts to enhance the efficiency of existing operations and develop new growth drivers. \/*! elementor &#8211; [&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":[],"class_list":["post-19028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability"],"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 Q3 2020 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\/2020-10-samsung-ct-q3-2020-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 Q3 2020 earnings - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Samsung C&amp;T posted KRW 7.85Tn in revenue and KRW 216Bn in operating profit for Q3 2020. 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