{"id":49623,"date":"2024-07-31T16:01:33","date_gmt":"2024-07-31T07:01:33","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=49623"},"modified":"2024-07-31T17:52:43","modified_gmt":"2024-07-31T08:52:43","slug":"samsung-ct-q2-2024-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2024-07-samsung-ct-q2-2024-earnings\/","title":{"rendered":"Samsung C&amp;T Q2 2024 Earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"49623\" class=\"elementor elementor-49623\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32bc54b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32bc54b\" 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-41f3f21\" data-id=\"41f3f21\" 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-69645dd elementor-widget elementor-widget-heading\" data-id=\"69645dd\" 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]\n<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09a5abd elementor-widget elementor-widget-text-editor\" data-id=\"09a5abd\" 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 11.005T, Operating Profit: KRW 900B\u00a0<\/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-f01f331 elementor-widget elementor-widget-heading\" data-id=\"f01f331\" 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\">[Revenue]<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1085362 elementor-widget elementor-widget-text-editor\" data-id=\"1085362\" 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<ul><li>Increased by KRW 419B (4.0%) compared to KRW 10.586T in Q2 2023<\/li><li>Increased by KRW 209B (1.9%) compared to KRW 10.796T in Q1 2024<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aabbdca elementor-widget elementor-widget-heading\" data-id=\"aabbdca\" 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\">[Operating Profit]<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef9a782 elementor-widget elementor-widget-text-editor\" data-id=\"ef9a782\" 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<ul><li>Increased by KRW 128B (16.6%) compared to KRW 772B in Q2 2023<\/li><li>Increased by KRW 188B (26.4%) compared to KRW 712B in Q1 2024<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42455a4 elementor-widget elementor-widget-text-editor\" data-id=\"42455a4\" 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>Samsung C&amp;T has maintained its performance in Q2 despite global uncertainties, owing to its diversified business portfolio and profitability in its four business segments.<\/strong><\/p><p>The Engineering and Construction Group maintained its YoY (Year-over-Year) performance due to steady on-site project execution, while the Trading and Investment Group maintained stable QoQ (Quarter-over-Quarter) earnings due to trading competitiveness despite the global economic downturn.<\/p><p>The Fashion Group had a stable performance due to strong online business despite declining consumer sentiment and the Resort Group showed improved performance due to an increased demand for leisure activities and its strong food and beverage business.<\/p><p>Samsung C&amp;T is exploring various business opportunities to secure new growth engines and expand its value chain. This includes participating in green hydrogen pilot projects in Korea and green hydrogen EPC projects overseas, as well as investing in innovative technologies and exploring new business opportunities within the next-generation biotherapeutics industry. These initiatives aim to further strengthen profitability and drive steady growth in the future.<\/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-741454e elementor-widget elementor-widget-heading\" data-id=\"741454e\" 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 and Construction Group <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e51171 elementor-widget elementor-widget-text-editor\" data-id=\"2e51171\" 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; Revenue: KRW 4.915T, Operating Profit: KRW 283B <\/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-1df0cd7 elementor-widget elementor-widget-text-editor\" data-id=\"1df0cd7\" 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><\/p><ul><li>Increased by KRW 164B compared to KRW 4.751T in Q2 2023<\/li><li>Decreased by KRW 669B compared to KRW 5.584T in Q1 2024<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f58e79 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"9f58e79\" 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>[<\/strong><b>Operating Profit]<\/b><\/p><ul><li>Decreased by KRW 22B compared to KRW 305B in Q2 2023<\/li><li>Decreased by KRW 54B compared to KRW 337B in Q1 2024<\/li><\/ul><div>\u00a0<\/div><p>The Engineering and Construction Group increased its revenue YoY with good progress on large-scale projects in Korea and abroad. The group\u2019s operating profit remained solid due to the stable execution of construction projects.<\/p><div>\u00a0<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b08f64d elementor-widget elementor-widget-heading\" data-id=\"b08f64d\" 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 and Investment Group<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e52e05b elementor-widget elementor-widget-text-editor\" data-id=\"e52e05b\" 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>Revenue: KRW 3.399T, Operating Profit: KRW 72B<\/b><\/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-f81e0da elementor-widget elementor-widget-text-editor\" data-id=\"f81e0da\" 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><\/p><ul><li>Decreased by KRW 117B compared to KRW 3.516T in Q2 2023<\/li><li>Increased by KRW 493B compared to KRW 2.906T in Q1 2024<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a3d7d12 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"a3d7d12\" 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>[<\/strong><b>Operating Profit]<\/b><\/p><ul><li>Decreased by KRW 42B compared to KRW 114B in Q2 2023<\/li><li>Decreased by KRW 13B compared to KRW 85B in Q1 2024<\/li><\/ul><div>\u00a0<\/div><p>The Trading and Investment Group\u2019s revenue increased QoQ due to higher copper trading volumes. Despite the challenges of unstable external environments and a slowdown in steel demand, the group delivered a stable performance this quarter.\u00a0<\/p><p>\u00a0<\/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-8a1c1a0 elementor-widget elementor-widget-heading\" data-id=\"8a1c1a0\" 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-f31cab5 elementor-widget elementor-widget-text-editor\" data-id=\"f31cab5\" 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;\u00a0<\/strong><b>Revenue: KRW 513B, Operating Profit: KRW 52B<\/b><\/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-e33c360 elementor-widget elementor-widget-text-editor\" data-id=\"e33c360\" 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><\/p><ul><li>Decreased by KRW 11B compared to KRW 524B in Q2 2023<\/li><li>Decreased by KRW 4B compared to KRW 517B in Q1 2024<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7f6463 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"f7f6463\" 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>[<\/strong><b>Operating Profit]<\/b><\/p>\n<ul>\n<li>Decreased by KRW 5B compared to KRW 57B in Q2 2023<\/li>\n<li>Decreased by KRW 2B compared to KRW 54B in Q1 2024<\/li>\n<\/ul>\n<div>&nbsp;<\/div>\n<p>The Fashion Group had a stable performance in Q2 with its product competitiveness and strong online business despite declining consumer sentiment and the impact of the off-season period.&nbsp;<\/p><p><br><\/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-5d57f87 elementor-widget elementor-widget-heading\" data-id=\"5d57f87\" 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-d248e23 elementor-widget elementor-widget-text-editor\" data-id=\"d248e23\" 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;\u00a0<\/strong><b>Revenue: KRW 1.021T, Operating Profit: KRW 66B<\/b><\/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-f37946f elementor-widget elementor-widget-text-editor\" data-id=\"f37946f\" 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><\/p><ul><li>Increased by KRW 92B compared to KRW 929B in Q2 2023<\/li><li>Increased by KRW 179B compared to KRW 842B in Q1 2024<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9051e8 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"b9051e8\" 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>[<\/strong><b>Operating Profit]<\/b><\/p><ul><li>Increased by KRW 17B compared to KRW 49B in Q2 2023<\/li><li>Increased by KRW 45B compared to KRW 21B in Q1 2024<\/li><\/ul><div>\u00a0<\/div><p>The Resort Group delivered increased revenue and operating profit YoY, driven by increased visitors due to external IP collaborations and panda-related content, as well as the continued strength of its F&amp;B business.<\/p><div>\u00a0<\/div>\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 11.005T, Operating Profit: KRW 900B\u00a0 [Revenue] Increased by KRW 419B (4.0%) compared to KRW 10.586T in Q2 2023 Increased by KRW 209B (1.9%) compared to KRW 10.796T in Q1 2024 [Operating Profit] Increased by KRW 128B (16.6%) compared to KRW 772B in Q2 2023 Increased by KRW 188B (26.4%) compared to [&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-49623","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 2024 Earnings - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"description\" content=\"Samsung C&amp;T has maintained its performance in Q2 despite global uncertainties, owing to its diversified business portfolio and profitability in its four business segments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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