{"id":21453,"date":"2021-07-29T16:46:09","date_gmt":"2021-07-29T07:46:09","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=21453"},"modified":"2024-01-30T09:55:42","modified_gmt":"2024-01-30T00:55:42","slug":"samsung-ct-q2-2021-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2021-07-samsung-ct-q2-2021-earnings\/","title":{"rendered":"Samsung C&amp;T Q2 2021 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21453\" class=\"elementor elementor-21453\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a69efd5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a69efd5\" 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-70ac867c\" data-id=\"70ac867c\" 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-97197aa elementor-widget elementor-widget-text-editor\" data-id=\"97197aa\" 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 year-over-year (yoy) growth in both revenue and operating profit in Q2 2021, on the back of the global economic recovery, improvement of the Trading &amp; Investment Group and Fashion Group\u2019s business fundamentals, and an increase in profits contributed by subsidiary Samsung BioLogics.<\/p><p>Revenue in Q2 2021 rose to KRW 8.548Tn (18.3%\u2191 yoy) and operating profit reached KRW 425Bn (78.6%\u2191 yoy), while the amount in new orders for the Engineering &amp; Construction Group in H1 stood at KRW 7.5Tn (70% of the annual target of KRW 10.7Tn).<\/p><p>In the second half of the year, Samsung C&amp;T will seek to achieve its annual target by further strengthening the competitiveness of its businesses and devising strategies aligned to the evolving business environment.<\/p><p>Factors of uncertainty remain, such as the possibility of a COVID-19 resurgence, but the company will endeavor to maintain its strong performance by bolstering the execution capabilities of each of its business groups.<\/p><p>It will also seek to continuously expand its business portfolio as part of efforts to secure future growth drivers. At the same time, the company will prepare for changes in the external environment by maintaining its ESG and new business development activities.<\/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-1895c6b elementor-widget elementor-widget-heading\" data-id=\"1895c6b\" 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-c25167a elementor-widget elementor-widget-text-editor\" data-id=\"c25167a\" 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 8.548Tn, up KRW 1.325 (18.3%\u2191) from KRW 7.223Tn in Q2 2020<strong><br \/><\/strong><\/p><p><strong>Operating Profit: <\/strong>KRW 425Bn, up KRW 187Bn (78.6%\u2191) from KRW 238Bn in Q2 2020<\/p><p>Revenue saw yoy growth amid the recovery of commodities markets and domestic consumer confidence in line with the turnaround of the global economy.<\/p><p>Operating profit also grew on the back of a strong performance in the Trading &amp; Investment Group\u2019s trading operations, improvements in the Fashion Group\u2019s operating profit margins, and an increase in capacity utilization at Samsung BioLogics\u2019s production facilities.<\/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-8acfbf9 elementor-widget elementor-widget-heading\" data-id=\"8acfbf9\" 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-539b74d elementor-widget elementor-widget-text-editor\" data-id=\"539b74d\" 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 2.659Tn, down KRW 183Bn(6.4%\u2193) from KRW 2.842Tn in Q2 2020<strong><br \/><\/strong><\/p><p><strong>Operating Profit: <\/strong>KRW 113Bn, down KRW 35Bn (23.6%\u2193) from KRW 148Bn in Q2 2020<strong><br \/><\/strong><\/p><p>Both revenue and operating profit decreased yoy due to a drop in revenue at major construction sites, etc.<\/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-4a6badb elementor-widget elementor-widget-heading\" data-id=\"4a6badb\" 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-3fdfa2c elementor-widget elementor-widget-text-editor\" data-id=\"3fdfa2c\" 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 4.297Tn, up 1.280Tn (42.4%\u2191) from KRW 3.170Tn in Q2 2020<strong><br \/><\/strong><\/p><p><strong>Operating Profit: <\/strong>KRW 90Bn, up KRW 77Bn (592.3%\u2191) from KRW 13Bn in Q2 2020<\/p><p>Revenue and operating profit saw yoy growth as trading volume and commodities prices increased along with an improvement in the competitiveness of the group\u2019s businesses amid the global 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-2fe7c45 elementor-widget elementor-widget-heading\" data-id=\"2fe7c45\" 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\">\nFashion Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c41a0a elementor-widget elementor-widget-text-editor\" data-id=\"9c41a0a\" 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 444Bn, up KRW 67Bn (17.8%\u2191) from KRW 377Bn in Q2 2020<strong><br \/><\/strong><\/p><p><strong>Operating Profit: <\/strong>KRW 43Bn, up 42Bn (4200.0%\u2191) from KRW 1Bn in Q2 2020<strong><br \/><\/strong><\/p><p>Both revenue and operating profit grew yoy as operating profit margins improved with the recovery in domestic consumer confidence and the strength of imported and online brands.<\/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-c4fce7a elementor-widget elementor-widget-heading\" data-id=\"c4fce7a\" 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-0740873 elementor-widget elementor-widget-text-editor\" data-id=\"0740873\" 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 736Bn, up KRW 56Bn (8.2%\u2191) from KRW 680Bn in Q2 2020<\/p><p><strong>Operating Profit: <\/strong>KRW 24Bn, up KRW 18Bn (300.0%\u2191) from KRW 6Bn in Q2 2020<strong><br \/><\/strong><\/p><p>Revenue and operating profit grew yoy on the seasonality of the park business as well as strong performances across its country club business.<\/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 year-over-year (yoy) growth in both revenue and operating profit in Q2 2021, on the back of the global economic recovery, improvement of the Trading &amp; Investment Group and Fashion Group\u2019s business fundamentals, and an increase in profits contributed by subsidiary Samsung BioLogics. Revenue in Q2 2021 rose to KRW 8.548Tn (18.3%\u2191 yoy) [&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-21453","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 Q2 2021 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\/2021-07-samsung-ct-q2-2021-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 Q2 2021 earnings - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Samsung C&amp;T posted year-over-year (yoy) growth in both revenue and operating profit in Q2 2021, on the back of the global economic recovery, improvement of the Trading &amp; Investment Group and Fashion Group\u2019s business fundamentals, and an increase in profits contributed by subsidiary Samsung BioLogics. 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