{"id":50301,"date":"2024-10-30T16:29:03","date_gmt":"2024-10-30T07:29:03","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=50301"},"modified":"2024-10-30T16:29:31","modified_gmt":"2024-10-30T07:29:31","slug":"samsung-campt-q3-2024-earnings","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2024-10-samsung-campt-q3-2024-earnings\/","title":{"rendered":"Samsung C&amp;T Q3 2024 Earnings"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"50301\" class=\"elementor elementor-50301\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aba2f89 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aba2f89\" 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-b4bdc77\" data-id=\"b4bdc77\" 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-04b8ef7 elementor-widget elementor-widget-heading\" data-id=\"04b8ef7\" 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\">[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-91a40e8 elementor-widget elementor-widget-text-editor\" data-id=\"91a40e8\" 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: KRW 10.31T, Operating Profit: KRW 736B<\/strong><\/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-8946115 elementor-widget elementor-widget-heading\" data-id=\"8946115\" 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\">[Revenue]<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c4e91c elementor-widget elementor-widget-text-editor\" data-id=\"0c4e91c\" 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>Decreased by KRW 661B (-6.0%) compared to KRW 10.971T in Q3 2023<br \/>Decreased by KRW 695B (-6.3%) compared to KRW 11.005T in Q2 2024<\/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-0399430 elementor-widget elementor-widget-heading\" data-id=\"0399430\" 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\">[Operating Profit]<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb598e2 elementor-widget elementor-widget-text-editor\" data-id=\"bb598e2\" 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>Decreased by KRW 94B (-11.3%) compared to KRW 830B in Q3 2023<br \/>Decreased by KRW 164B (-18.2%) compared to KRW 900B in Q2 2024<\/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-6e574c8 elementor-widget elementor-widget-text-editor\" data-id=\"6e574c8\" 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>Despite a changing business environment with growing internal and external uncertainties, Samsung C&amp;T aims to achieve annual targets for revenue and orders, backed by a diverse business portfolio and competitiveness in each sector.<\/strong><\/p><p>The Engineering and Construction Group saw a decrease in performance YoY (Year-over-Year) due to the impact of the completion of large projects in Korea and overseas. The Trading and Investment Group experienced a decline due to a global economic slowdown but maintained stable performance thanks to its diverse portfolio, including solar energy projects.<\/p><p>The Fashion Group experienced a decrease in revenue due to declining consumer sentiment, the impact of the off-season, and extreme heat. Meanwhile, the Resort Group saw a YoY revenue increase driven by demand in its food and beverage and food supply businesses.<\/p><p><strong>Samsung C&amp;T is actively seeking business opportunities in the renewable energy and biotechnology sectors to secure new growth engines.<\/strong><\/p><p>Drivers for future growth include participating in green hydrogen projects in Korea and green hydrogen EPC (Engineering, Procurement, and Construction) projects overseas, investing in innovative technology in next-generation biotherapeutics, and exploring new business opportunities.<\/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-9542c8f elementor-widget elementor-widget-heading\" data-id=\"9542c8f\" 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 and 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-b3f904a elementor-widget elementor-widget-text-editor\" data-id=\"b3f904a\" 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>\u2013 Revenue: KRW 4.482T, Operating Profit: KRW 236B<\/strong><\/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-01ea435 elementor-widget elementor-widget-text-editor\" data-id=\"01ea435\" 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]<br \/><\/strong><\/p><p>Decreased by KRW 800B compared to KRW 5.282T in Q3 2023<br \/>Decreased by KRW 433B compared to KRW 4.915T in Q2 2024<\/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-153d4d2 elementor-widget elementor-widget-text-editor\" data-id=\"153d4d2\" 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>[Operating Profit]<\/strong><\/p><p>Decreased by KRW 67B compared to KRW 303B in Q3 2023<br \/>Decreased by KRW 47B compared to KRW 283B in Q2 2024<\/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-018d272 elementor-widget elementor-widget-text-editor\" data-id=\"018d272\" 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>Revenue and operating profit for the Engineering and Construction Group decreased YoY due to the impact of the completion of large projects in Korea and overseas.<\/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-9e4723c elementor-widget elementor-widget-heading\" data-id=\"9e4723c\" 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 and 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-0bde3de elementor-widget elementor-widget-text-editor\" data-id=\"0bde3de\" 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>\u2013 Revenue: KRW 3.186T, Operating Profit: KRW 71B<\/strong><\/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-5125261 elementor-widget elementor-widget-text-editor\" data-id=\"5125261\" 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><\/p><p>Decreased by KRW 68B compared to KRW 3.254T in Q3 2023<br \/>Decreased by KRW 213B compared to KRW 3.399T in Q2 2024<\/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-858b4f8 elementor-widget elementor-widget-text-editor\" data-id=\"858b4f8\" 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>[Operating Profit]<\/strong><\/p><p>Decreased by KRW 18B compared to KRW 89B in Q3 2023<br \/>Decreased by KRW 1B compared to KRW 72B in Q2 2024<\/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-765050f elementor-widget elementor-widget-text-editor\" data-id=\"765050f\" 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>The Trading and Investment Group experienced a slight decline in performance YoY due to lower commodity prices and slower demand but stabilized due to strong solar development project performance in the U.S.<\/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-8cd4adb elementor-widget elementor-widget-heading\" data-id=\"8cd4adb\" 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-a1a6116 elementor-widget elementor-widget-text-editor\" data-id=\"a1a6116\" 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>\u2013 Revenue: KRW 433B, Operating Profit: KRW 21B<\/strong><\/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-8c11022 elementor-widget elementor-widget-text-editor\" data-id=\"8c11022\" 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><\/p><p>Decreased by KRW 23B compared to KRW 456B in Q3 2023<br \/>Decreased by KRW 80B compared to KRW 513B in Q2 2024<\/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-dd6b5c7 elementor-widget elementor-widget-text-editor\" data-id=\"dd6b5c7\" 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>[Operating Profit]<\/strong><\/p><p>Decreased by KRW 12B compared to KRW 33B in Q3 2023<br \/>Decreased by KRW 31B compared to KRW 52B in Q2 2024<\/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-45cea6c elementor-widget elementor-widget-text-editor\" data-id=\"45cea6c\" 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>The Fashion Group experienced slightly decreased revenue and operating profit YoY due to weakened consumer sentiment in the fashion market, the impact of the off-season, and extreme heat.<\/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-74a86ac elementor-widget elementor-widget-heading\" data-id=\"74a86ac\" 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-e03c688 elementor-widget elementor-widget-text-editor\" data-id=\"e03c688\" 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>\u2013 Revenue: KRW 1.022T, Operating Profit: KRW 76B<\/strong><\/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-3e59ce1 elementor-widget elementor-widget-text-editor\" data-id=\"3e59ce1\" 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><\/p><p>Increased by KRW 77B compared to KRW 945B in Q3 2023<br \/>Increased by KRW 1B compared to KRW 1.021T in Q2 2024<\/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-9f414f7 elementor-widget elementor-widget-text-editor\" data-id=\"9f414f7\" 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>[Operating Profit]<\/strong><\/p><p>Decreased by KRW 17B compared to KRW 93B in Q3 2023 <br \/>Increased by KRW 10B compared to KRW 66B in Q2 2024<\/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-92c4f31 elementor-widget elementor-widget-text-editor\" data-id=\"92c4f31\" 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>Revenue for the Resort Group increased YoY due to strong performance with the growing demand for its F&amp;B and food supply businesses. However, operating profits decreased due to a decline in park performance caused by rainy weather and extreme heat.<\/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>[Overall Performance] Revenue: KRW 10.31T, Operating Profit: KRW 736B [Revenue] Decreased by KRW 661B (-6.0%) compared to KRW 10.971T in Q3 2023Decreased by KRW 695B (-6.3%) compared to KRW 11.005T in Q2 2024 [Operating Profit] Decreased by KRW 94B (-11.3%) compared to KRW 830B in Q3 2023Decreased by KRW 164B (-18.2%) compared to KRW 900B [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49658,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-50301","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 Q3 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\/2024-10-samsung-campt-q3-2024-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 Q3 2024 Earnings - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"[Overall Performance] Revenue: KRW 10.31T, Operating Profit: KRW 736B [Revenue] Decreased by KRW 661B (-6.0%) compared to KRW 10.971T in Q3 2023Decreased by KRW 695B (-6.3%) compared to KRW 11.005T in Q2 2024 [Operating Profit] Decreased by KRW 94B (-11.3%) compared to KRW 830B in Q3 2023Decreased by KRW 164B (-18.2%) compared to KRW 900B [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2024-10-samsung-campt-q3-2024-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"Samsung C&amp;T Newsroom\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-30T07:29:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-30T07:29:31+00:00\" \/>\n<meta property=\"og:image\" 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