{"id":9665,"date":"2018-07-25T16:30:00","date_gmt":"2018-07-25T07:30:00","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=9665"},"modified":"2024-01-30T10:20:49","modified_gmt":"2024-01-30T01:20:49","slug":"samsung-ct-announces-q2-2018-results","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/corporate-sustainability\/2018-07-samsung-ct-announces-q2-2018-results\/","title":{"rendered":"Samsung C&T Announces Q2 2018 Results"},"content":{"rendered":"\t\t
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– Consolidated revenue of KRW 7.928 trillion with record quarterly operating profit of KRW 378 billion in 2Q 2018<\/strong><\/p>

– Profitability improvement in the construction business and stable operation of trading unit are the main driving forces in the highest-ever quarterly operating profit<\/strong><\/p>

Samsung C&T on July 25 posted KRW 7.928 trillion in consolidated revenue and KRW 378 billion in operating profit for the second quarter of 2018. Its operating profit is the highest-ever for the company, reflecting the firm\u2019s competitiveness going from strength to strength.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The consolidated revenue marked 8% year-on-year growth while the operating profit jumped by 51% during the same period, leading to improved net profit of KRW 343 billion, up 212% from KRW 110 billion in 2Q 2017. Improved profitability in the construction businesses both home and away as well as increase in commodity trade volumes coupled with a surge in fuel prices have led the strong performance.<\/p>

Samsung C&T intends to continue its focus on enhancing competitiveness and improved profitability. The company expects to continue concrete and substantial growth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Trading & Investment Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The T&I Group posted KRW 3.547 trillion in revenue and KRW 57 billion in operating profit. This is an 18%, or KRW 543 billion, rise in revenue from KRW 3 trillion in 2Q of 2017, and a 24%, or KRW 11 billion, increase in year-on-year operating profit from KRW 46 billion.<\/p>

The increase in global trade volume has led the increased numbers, with oil and other commodity price hikes contributing to the operating profit increase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Engineering & Construction Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The E&C Group posted KRW 3.133 trillion in revenue, down 1%, or KRW30 billion, compared to 2Q 2017. Its operating profit marked KRW 243 billion, some 65%, or KRW95 billion, rise from the same period last year.<\/p>

While the revenue is stable, profitability enhancement at both home and away has resulted in the rise in operating profit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Fashion Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Fashion Group posted KRW 416 billion in revenue and KRW 6 billion in operating profit, which is a 4%, or KRW 15 billion, year-on-year revenue growth from KRW 401 billion in 2Q of 2017. Its operating profit slid by 40%, or KRW 4 billion, from KRW 10 billion during the same period.<\/p>

While there was an increase in sales volume, investment in sports marketing has brought a slight decrease in operating profit. However, the unit managed to improve its results after posting KRW 400 million in operating loss in 1Q 2018. \u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Resort Group<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Resort Group posted KRW 707 billion in revenue, up 2.8%, or KRW 19 billion, from KRW 688 billion in 2Q 2017. Its operating profit marked 60 billion won, a 10%, or KRW 7 billion, decrease from KRW 67 billion of the same period last year.<\/p>

While the food and beverage business saw partial rise in revenue, the abnormally volatile weather including high precipitation has resulted in the downturn of operating profit.\u00a0<\/p>

Click here to download the full Q2 2018 Earnings Report<\/a><\/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":"

– Consolidated revenue of KRW 7.928 trillion with record quarterly operating profit of KRW 378 billion in 2Q 2018 – Profitability improvement in the construction business and stable operation of trading unit are the main driving forces in the highest-ever quarterly operating profit Samsung C&T on July 25 posted KRW 7.928 trillion in consolidated revenue […]<\/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":[736,67,193,1524,345,346,68,206,1525,349,90,91,350,351,352,353,151,354,342,1526,187],"class_list":["post-9665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-sustainability","tag-construction","tag-corporate-earnings-report","tag-fashion","tag-numbers","tag-operating-loss","tag-operating-profit","tag-q2-earnings-report","tag-resort","tag-revenue","tag-sales","tag-samsung-ct","tag-samsung-ct-construction-group","tag-samsung-ct-ec-group","tag-samsung-ct-earnings","tag-samsung-ct-earnings-report","tag-samsung-ct-fashion-group","tag-samsung-ct-resort-group","tag-samsung-ct-ti-group","tag-samsung-ct-trading-group","tag-second-quarter-earnings","tag-trading"],"acf":[],"yoast_head":"\nSamsung C&T Announces Q2 2018 Results - Samsung C&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\/2018-07-samsung-ct-announces-q2-2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung C&T Announces Q2 2018 Results - Samsung C&T Newsroom\" \/>\n<meta property=\"og:description\" content=\"– Consolidated revenue of KRW 7.928 trillion with record quarterly operating profit of KRW 378 billion in 2Q 2018 – Profitability improvement in the construction business and stable operation of trading unit are the main driving forces in the highest-ever quarterly operating profit Samsung C&T on July 25 posted KRW 7.928 trillion in consolidated revenue […]\" \/>\n<meta property=\"og:url\" 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