{"id":48409,"date":"2024-04-24T14:40:11","date_gmt":"2024-04-24T05:40:11","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=48409"},"modified":"2024-04-24T16:32:49","modified_gmt":"2024-04-24T07:32:49","slug":"samsung-ct-q1-2024-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2024-04-samsung-ct-q1-2024-earnings\/","title":{"rendered":"Samsung C&#038;T Q1 2024 earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"48409\" class=\"elementor elementor-48409\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9947ac8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9947ac8\" 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-b12a925\" data-id=\"b12a925\" 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-4cb9826 elementor-widget elementor-widget-heading\" data-id=\"4cb9826\" 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-016bdcf elementor-widget elementor-widget-text-editor\" data-id=\"016bdcf\" 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>Revenue: KRW 10.796T, Operating Profit: KRW 712B<\/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-4663765 elementor-widget elementor-widget-heading\" data-id=\"4663765\" 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\">- Year-over-Year (YoY) comparison: <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16ea6fb elementor-widget elementor-widget-text-editor\" data-id=\"16ea6fb\" 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 increased by KRW 557B (5.4%) from KRW 10.239T in Q1 2023,<br \/>operating profit increased by KRW 71B (11.1%) from KRW 641B in Q1 2023<\/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-e741e67 elementor-widget elementor-widget-heading\" data-id=\"e741e67\" 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\">- Quarter-over-Quarter (QoQ) comparison: <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fcea87 elementor-widget elementor-widget-text-editor\" data-id=\"5fcea87\" 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 increased by KRW 696B (6.9%) from KRW 10.100B in Q4 2023, <br \/>operating profit increased by KRW 85B (13.6%) from KRW 627B in Q4 2023<\/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-f6a4fc1 elementor-widget elementor-widget-text-editor\" data-id=\"f6a4fc1\" 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>Amid increased global economic uncertainty, Samsung C&amp;T posted an improved overall performance in Q1 on the back of continued strong profitability resulting from the differentiated competitiveness of its business groups.<\/p><p>The Engineering &amp; Construction Group saw increased revenue and operating profit as large-scale projects worldwide showed good progress, while the Trading &amp; Investment Group witnessed an improved QoQ performance from its business growth and enhanced profitability through strengthened competitiveness.<\/p><p>The Fashion Group continued its YoY performance by maintaining product competitiveness and the Resort Group enjoyed an improved quarter due to its strong overall park performance and the expansion of its food distribution business.<\/p><p>As uncertainty continues to grow in the second quarter, the company will strive to maintain a steady performance by building on its improved fundamentals and solid profit base.<\/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-fcf46a8 elementor-widget elementor-widget-heading\" data-id=\"fcf46a8\" 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-a31dd05 elementor-widget elementor-widget-text-editor\" data-id=\"a31dd05\" 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: KRW 5.584T, Operating Profit: KRW 337B<\/p><p><strong>&#8211; YoY comparison:<\/strong><br \/>Revenue rose by KRW 984B (21.4%) from KRW 4.600T in Q1 2023,<br \/>operating profit rose by KRW 45B (15.4%) from KRW 292B in Q1 2023<\/p><p><strong>&#8211; QoQ comparison:<\/strong><br \/>Revenue rose by KRW 906B (19.4%) from KRW 4.678T in Q4 2023,<br \/>operating profit rose by KRW 202B (149.6%) from KRW 135B in Q4 2023<\/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-2882b61 elementor-widget elementor-widget-text-editor\" data-id=\"2882b61\" 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 Engineering &amp; Construction Group posted increased revenue and operating profit in both YoY and QoQ terms on the back of continued efforts to maintain a balanced portfolio and enhance competitiveness, in addition to the full-fledged commencement of recently awarded high-quality 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-7ea0626 elementor-widget elementor-widget-heading\" data-id=\"7ea0626\" 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-ea0b9c4 elementor-widget elementor-widget-text-editor\" data-id=\"ea0b9c4\" 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: KRW 2.906T, Operating Profit: KRW 85B<\/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-ffa6d69 elementor-widget elementor-widget-text-editor\" data-id=\"ffa6d69\" 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>&#8211; YoY comparison:<\/strong><br \/>Revenue fell by KRW 698B (-19.4%) from KRW 3.604T in Q1 2023,<br \/>operating profit fell by KRW 14B (-14.1%) from KRW 99B in Q1 2023<\/p><p><strong>&#8211; QoQ comparison:<\/strong><br \/>Revenue rose by KRW 15B (0.5%) from KRW 2.891T in Q4 2023,<br \/>operating profit fell by KRW 28B (49.1%) from KRW 57B in Q4 2023<\/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-07af80d elementor-widget elementor-widget-text-editor\" data-id=\"07af80d\" 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 &amp; Investment Group\u2019s YoY performance fell slightly due to a drop in commodity prices, as well as a decrease in volume stemming from its exit from low-profit business partners, while its QoQ performance rose as strengthened competitiveness drove its business growth and enhanced profitability.<\/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-2983720 elementor-widget elementor-widget-heading\" data-id=\"2983720\" 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-8e023e6 elementor-widget elementor-widget-text-editor\" data-id=\"8e023e6\" 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: KRW 517B, Operating Profit: KRW 54B<\/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-bbdb6a5 elementor-widget elementor-widget-text-editor\" data-id=\"bbdb6a5\" 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>&#8211; YoY comparison:<\/strong><br \/>Revenue fell by KRW 9B (-1.7%) from KRW 526B in Q1 2023,<br \/>operating profit rose by KRW 3B (-5.3%) from KRW 57B in Q1 2023<\/p><p><strong>&#8211; QoQ comparison:<\/strong><br \/>Revenue fell by KRW 28B (-5.1%) from KRW 545B in Q4 2023,<br \/>operating profit rose by KRW 8B (17.4%) from KRW 46B in Q4 2023<\/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-dd2b193 elementor-widget elementor-widget-text-editor\" data-id=\"dd2b193\" 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 the impacts of a drop in consumer confidence in Korea and seasonality, the Fashion Group&#8217;s performance was maintained at a similar level to the previous year through brand and product competitiveness.<\/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-7d48670 elementor-widget elementor-widget-heading\" data-id=\"7d48670\" 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-4afdd8b elementor-widget elementor-widget-text-editor\" data-id=\"4afdd8b\" 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: KRW 842B, Operating Profit: KRW 21B<\/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-603ba14 elementor-widget elementor-widget-text-editor\" data-id=\"603ba14\" 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><b>&#8211; YoY comparison:<\/b><br \/>Revenue rose by KRW 54B (6.9%) from KRW 788B in Q1 2023,<br \/>operating profit rose by KRW 14B (200%) from KRW 7B in Q1 2023<\/p><p><b>&#8211; QoQ comparison:<\/b><br \/>Revenue fell by KRW 70B (-7.7%) from KRW 912B in Q4 2023,<br \/>operating profit fell by KRW 25B (-54.4%) from KRW 46B in Q4 2023<\/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-c4e9175 elementor-widget elementor-widget-text-editor\" data-id=\"c4e9175\" 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 Resort Group&#8217;s revenue and operating profit grew YoY on the back of its improved park performance and the expansion of its food distribution 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>Overall Performance Revenue: KRW 10.796T, Operating Profit: KRW 712B &#8211; Year-over-Year (YoY) comparison: Revenue increased by KRW 557B (5.4%) from KRW 10.239T in Q1 2023,operating profit increased by KRW 71B (11.1%) from KRW 641B in Q1 2023 &#8211; Quarter-over-Quarter (QoQ) comparison: Revenue increased by KRW 696B (6.9%) from KRW 10.100B in Q4 2023, operating profit [&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-48409","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 Q1 2024 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\/2024-04-samsung-ct-q1-2024-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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