{"id":19900,"date":"2021-01-28T13:38:05","date_gmt":"2021-01-28T04:38:05","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=19900"},"modified":"2024-01-30T10:14:44","modified_gmt":"2024-01-30T01:14:44","slug":"samsung-ct-fy-2020-q4-2020-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2021-01-samsung-ct-fy-2020-q4-2020-earnings\/","title":{"rendered":"Samsung C&amp;T FY 2020 &amp; Q4 2020 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19900\" class=\"elementor elementor-19900\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2283ad3c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2283ad3c\" 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-62eef8ad\" data-id=\"62eef8ad\" 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-bbac8af elementor-widget elementor-widget-text-editor\" data-id=\"bbac8af\" 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\t\t<p>Samsung C&amp;T posted KRW 30.22Tn in revenue and KRW 857Bn in operating profit for FY 2020. This was only a modest drop from the company\u2019s FY 2019 revenue of KRW 30.76Tn and operating profit of KRW 867Bn on the back of continuous efforts to improve competitiveness and achieve profitable growth despite the adverse business environment brought about by COVID-19.<\/p><p>Q4 2020 revenue reached KRW 8.18Tn, while the quarter\u2019s operating profit of KRW 256Bn maintained the upward trend from Q1, when it stood at KRW 147Bn before rising to KRW 238Bn in Q2 and recording KRW 216Bn in Q3.<\/p><p>For FY 2021, Samsung C&amp;T has set its revenue target at KRW 30.2Tn along with KRW 10.7Tn in new orders.<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-841c090 elementor-widget elementor-widget-heading\" data-id=\"841c090\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FY 2020 Earnings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6da978b elementor-widget elementor-widget-heading\" data-id=\"6da978b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Overall Performance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18283ca elementor-widget elementor-widget-text-editor\" data-id=\"18283ca\" 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\t\t<p><strong>Revenue: <\/strong>KRW 30.22Tn, down KRW 546Bn (1.8%\u2193) from KRW 30.76Tn in FY 2019<\/p><p><strong>Operating Profit:<\/strong> KRW 857Bn, down KRW 10Bn (1.1%\u2193) from KRW 867Bn in FY 2019<\/p><p>While both revenue and operating profit fell slightly due to the effects of COVID-19, the company\u2019s overall performance was maintained at a similar level to the previous year thanks to the steady achievements of the Engineering &amp; Construction Group and other factors such as the increase in plant capacity utilization at Samsung BioLogics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1b9fa2 elementor-widget elementor-widget-heading\" data-id=\"c1b9fa2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Engineering &amp; Construction Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a7980b elementor-widget elementor-widget-text-editor\" data-id=\"6a7980b\" 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\t\t<p><strong>Revenue: <\/strong>KRW 11.7Tn, up KRW 50Bn (0.4%\u2191) from KRW 11.65Tn in FY 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 531Bn, down KRW 9Bn (1.7%\u2193) from KRW 540Bn in FY 2019<\/p><p><strong>New Orders: <\/strong>KRW 9.5Tn, 85.6% achievement of KRW 11.1Tn target<\/p><p>The group\u2019s revenue grew slightly due to good progress in domestic and overseas plant projects, while its operating profit remained relatively consistent despite the COVID-19 impact. Orders reached 85.6% of the annual target of KRW 11.1Tn.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-911ed06 elementor-widget elementor-widget-heading\" data-id=\"911ed06\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trading &amp; Investment Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41830d9 elementor-widget elementor-widget-text-editor\" data-id=\"41830d9\" 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\t\t<p><strong>Revenue: <\/strong>KRW 13.25Tn, down KRW 610Bn (4.4%\u2193) from KRW 13.86Tn in FY 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 94Bn, down KRW 12Bn (11.3%\u2193) from KRW 106Bn in FY 2019<\/p><p>Both the group\u2019s revenue and operating profit fell as overall trade volumes were continuously affected by COVID-19.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17270b1 elementor-widget elementor-widget-heading\" data-id=\"17270b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fashion Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11178d0 elementor-widget elementor-widget-text-editor\" data-id=\"11178d0\" 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\t\t<p><strong>Revenue: <\/strong>KRW 1.55Tn, down KRW 187Bn (10.8%\u2193) from KRW 1.73Tn in FY 2019<\/p><p><strong>Operating Profit: <\/strong>KRW -36Bn, down KRW 68Bn (212.0%\u2193) from KRW 32Bn in FY 2019<\/p><p>The group\u2019s revenue and operating profit fell as COVID-19 had a prolonged impact on consumption.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d89c5a elementor-widget elementor-widget-heading\" data-id=\"8d89c5a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Resort Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f930382 elementor-widget elementor-widget-text-editor\" data-id=\"f930382\" 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\t\t<p><strong>Revenue: <\/strong>KRW 2.55Tn, down KRW 261Bn (9.3%\u2193) from KRW 2.81Tn in FY 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 21Bn, down KRW 122Bn (85.3%\u2193) from KRW 143Bn in FY 2019<\/p><p>The group\u2019s revenue and operating profit fell in line with the negative effects of COVID-19 on the leisure market.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be5f71d elementor-widget elementor-widget-heading\" data-id=\"be5f71d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Q4 2020 Performance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-949a154 elementor-widget elementor-widget-heading\" data-id=\"949a154\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Overall Performance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d459866 elementor-widget elementor-widget-text-editor\" data-id=\"d459866\" 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\t\t<p><strong>Revenue<\/strong>: KRW 8.18Tn, up KRW 484Bn (6.3%\u2191) from KRW 7.70Tn in Q4 2019<\/p><p><strong>Operating Profit:<\/strong> KRW 256Bn, down KRW 69Bn (21.2%\u2193) from KRW 325Bn in Q4 2019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f6e82a elementor-widget elementor-widget-heading\" data-id=\"7f6e82a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Engineering &amp; Construction Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6c1521 elementor-widget elementor-widget-text-editor\" data-id=\"a6c1521\" 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\t\t<p><strong>Revenue: <\/strong>KRW 3.11Tn, up KRW 374Bn (13.7%\u2191) from KRW 2.74Tn in Q4 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 135Bn, down KRW 1Bn (0.7%\u2193) from KRW 136Bn in Q4 2019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3745aad elementor-widget elementor-widget-heading\" data-id=\"3745aad\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trading &amp; Investment Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d58e391 elementor-widget elementor-widget-text-editor\" data-id=\"d58e391\" 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\t\t<p><strong>Revenue: <\/strong>KRW 3.62Tn, up KRW 176Bn (5.1%\u2191) from KRW 3.44Tn in Q4 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 12Bn, down KRW 8Bn (40.0%\u2193) from KRW 20Bn in Q4 2019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-85faebe elementor-widget elementor-widget-heading\" data-id=\"85faebe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fashion Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b19c7d elementor-widget elementor-widget-text-editor\" data-id=\"3b19c7d\" 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\t\t<p><strong>Revenue: <\/strong>KRW 470Bn, down KRW 15Bn (3.1%\u2193) from KRW 485Bn in Q4 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 9Bn, down KRW 21Bn (70.0%\u2193) from KRW 30Bn in Q4 2019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5a903fc elementor-widget elementor-widget-heading\" data-id=\"5a903fc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Resort Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98c6f52 elementor-widget elementor-widget-text-editor\" data-id=\"98c6f52\" 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\t\t<p><strong>Revenue: <\/strong>KRW 610Bn, down KRW 113Bn (15.6%\u2193) from KRW 723Bn in Q4 2019<\/p><p><strong>Operating Profit: <\/strong>KRW 18Bn, down KRW 25Bn (58.1%\u2193) from KRW 43Bn in Q4 2019<\/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":"<p>Samsung C&amp;T posted KRW 30.22Tn in revenue and KRW 857Bn in operating profit for FY 2020. This was only a modest drop from the company\u2019s FY 2019 revenue of KRW 30.76Tn and operating profit of KRW 867Bn on the back of continuous efforts to improve competitiveness and achieve profitable growth despite the adverse business environment [&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-19900","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 FY 2020 &amp; Q4 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\/2021-01-samsung-ct-fy-2020-q4-2020-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 FY 2020 &amp; Q4 2020 earnings - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Samsung C&amp;T posted KRW 30.22Tn in revenue and KRW 857Bn in operating profit for FY 2020. This was only a modest drop from the company\u2019s FY 2019 revenue of KRW 30.76Tn and operating profit of KRW 867Bn on the back of continuous efforts to improve competitiveness and achieve profitable growth despite the adverse business environment [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2021-01-samsung-ct-fy-2020-q4-2020-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"Samsung C&amp;T Newsroom\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-28T04:38:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T01:14:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.samsungcnt.com\/en\/wp-content\/uploads\/sites\/3\/2024\/01\/logo-english-side-tall-wide-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samsung C&amp;T Global PR Manager\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samsung C&amp;T Global PR Manager\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2021-01-samsung-ct-fy-2020-q4-2020-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2021-01-samsung-ct-fy-2020-q4-2020-earnings\/\"},\"author\":{\"name\":\"Samsung C&amp;T Global PR Manager\",\"@id\":\"https:\/\/news.samsungcnt.com\/en\/#\/schema\/person\/7c21bf3897113ac1b49ed07b1d871d08\"},\"headline\":\"Samsung C&amp;T FY 2020 &amp; 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