{"id":42161,"date":"2023-04-27T15:27:57","date_gmt":"2023-04-27T06:27:57","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=42161"},"modified":"2024-01-30T09:44:06","modified_gmt":"2024-01-30T00:44:06","slug":"samsung-ct-q1-2023-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2023-04-samsung-ct-q1-2023-earnings\/","title":{"rendered":"Samsung C&amp;T Q1 2023 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"42161\" class=\"elementor elementor-42161\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d9af43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d9af43\" 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-3a27785\" data-id=\"3a27785\" 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-9249eba elementor-widget elementor-widget-heading\" data-id=\"9249eba\" 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-f30d5a9 elementor-widget elementor-widget-text-editor\" data-id=\"f30d5a9\" 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><strong>Revenue: KRW 10.239T, down KRW 201B (1.9%\u2193) from KRW 10.44T in Q1 2022<\/strong><\/p><p><strong>Operating Profit: KRW 641B, up KRW 99B (18.3%\u2191) from KRW 542B in Q1 2022<\/strong><\/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-5c5f76d elementor-widget elementor-widget-text-editor\" data-id=\"5c5f76d\" 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>Despite continued global economic uncertainty, Samsung C&#038;T posted improvements in overall performance in Q1 2023 as it maintained solid profitability on the back of the differentiating competitiveness of each business group. \n<\/p><p>\nThe Engineering &#038; Construction Group posted improved performance as high-quality projects began in earnest, while the Trading &#038; Investment Group maintained steady performance due to business expansions led by strengthened business competitiveness and improved underlying profitability. The Fashion Group recorded strong sales in most of its business areas thanks to continuous improvement in product development, while the Resort Group also saw improvements in performance due to an increase in leisure demand. The Engineering &#038; Construction Group&#8217;s new orders for Q1 stood at KRW 6.1T, or 44% of the annual target of KRW 13.8T.\n<\/p><p>\nIn Q2, as external volatility continues to grow, the company will strive to maintain a steady performance by establishing a solid profit base on its improved business fundamentals.<\/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-c7667ee elementor-widget elementor-widget-heading\" data-id=\"c7667ee\" 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-257318f elementor-widget elementor-widget-text-editor\" data-id=\"257318f\" 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: KRW 4.6T, up KRW 1.581T (52.4%\u2191) from KRW 3.019T in Q1 2022<\/strong><\/p><p><strong>Operating Profit: KRW 292B, up KRW 137B (88.4%\u2191) from KRW 155B in Q1 2022<\/strong><\/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-fe91a08 elementor-widget elementor-widget-text-editor\" data-id=\"fe91a08\" 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>Revenue and operating profit grew year-over-year amid commencement of recently acquired large-scale projects.<\/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-d54af66 elementor-widget elementor-widget-heading\" data-id=\"d54af66\" 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-c3ab6e3 elementor-widget elementor-widget-text-editor\" data-id=\"c3ab6e3\" 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: KRW 3.604T, down KRW 2.177T (37.7%\u2193) from KRW 5.781T in Q1 2022<\/strong><\/p><p><strong>Operating Profit: KRW 99B, down KRW 91B (47.9%\u2193) from KRW 190B in Q1 2022<\/strong><\/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-3ff3aff elementor-widget elementor-widget-text-editor\" data-id=\"3ff3aff\" 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>The Trading &#038; Investment Group realized solid performance as a result of its efforts to expand business areas and improve efficiency. While year-over-year performance fell due mainly to the base effect of the previous year, the group recorded strong performance compared to the previous quarter.<\/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-fcdf4b0 elementor-widget elementor-widget-heading\" data-id=\"fcdf4b0\" 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-bd04f37 elementor-widget elementor-widget-text-editor\" data-id=\"bd04f37\" 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: KRW 526B, up KRW 52B (11.0%\u2191) from KRW 474B in Q1 2022<\/strong><\/p><p><strong>Operating Profit: KRW 57B, up 15B (35.7%\u2191) from KRW 42B in Q1 2022<\/strong><\/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-2f7108e elementor-widget elementor-widget-text-editor\" data-id=\"2f7108e\" 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>Revenue and operating profit increased year-over-year as the group achieved strong performance in most business areas from continued improvements in product development and sales structure.<\/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-55e6fe3 elementor-widget elementor-widget-heading\" data-id=\"55e6fe3\" 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-3e79bb2 elementor-widget elementor-widget-text-editor\" data-id=\"3e79bb2\" 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: KRW 788B, up KRW 133B (20.3%\u2191) from KRW 655B in Q1 2022<\/strong><\/p><p><strong>Operating Profit: KRW 7B, up KRW 17B from KRW -10B in Q1 2022<\/strong><\/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-be14be2 elementor-widget elementor-widget-text-editor\" data-id=\"be14be2\" 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>Revenue and operating profit grew year-over-year driven by a recovery in profits amid an increase in leisure demand.<\/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>Overall Performance Revenue: KRW 10.239T, down KRW 201B (1.9%\u2193) from KRW 10.44T in Q1 2022 Operating Profit: KRW 641B, up KRW 99B (18.3%\u2191) from KRW 542B in Q1 2022 Despite continued global economic uncertainty, Samsung C&amp;T posted improvements in overall performance in Q1 2023 as it maintained solid profitability on the back of the differentiating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":47499,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-42161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the 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