Samsung SDS Reports 2Q Operating Profit of 224.7 Billion KRW... Balanced Growth in IT and Logistics (Update)

[Image source=Yonhap News]

[Asia Economy Reporter Kang Nahum] Samsung SDS announced that it recorded consolidated sales of 3.2509 trillion KRW and operating profit of 224.7 billion KRW in the second quarter of this year. These figures represent increases of 26.7% and 14.2%, respectively, compared to the same period last year.

By business sector, IT services sales amounted to 1.3919 trillion KRW, up 5.5% from the same period last year. The increase in sales was driven by expanded cloud migration, diversification of ERP business industries, expansion of smart factory construction, and growth of the global enterprise mobile management (EMM) solution business.

Sales in the logistics business based on the IT platform recorded 1.859 trillion KRW, a 49.1% increase from the previous year, due to increased IT product cargo volume, rising maritime logistics freight rates, and expansion of external business.

Samsung SDS expects corporate IT investment to gradually expand despite the challenging business environment in the second half of the year.

In the second half, Samsung SDS plans to expand its business focusing on ▲providing advanced enterprise cloud services in the IT sector ▲external business based on next-generation ERP ▲diversification of smart factory business industries ▲promotion of logistics automation in manufacturing plants and distribution centers.

Additionally, in the logistics sector, Samsung SDS plans to proactively provide logistics services in preparation for increased cargo volume from client companies, while enhancing the Cello Square IT platform and expanding service scope to international transportation and fulfillment, thereby strengthening highly visible global logistics competitiveness.