Samsung Engineering Reports Operating Profit of 503.2 Billion KRW Last Year... "Expected Operating Profit of 610 Billion KRW This Year"

[Asia Economy Reporter Minji Lee] Samsung Engineering announced on the 27th that its operating profit last year reached 503.2 billion KRW, marking a 39% increase compared to the previous year. Sales rose 10% to 7.4866 trillion KRW, and net profit increased by 39% to 351 billion KRW. The company explained, "Profit from project settlements and improved cost rates due to business reforecasting contributed to the growth."

On the same day, the company also announced its future business plans for this year. For basic design projects, it plans to secure 17 projects out of the 8 trillion KRW order target this year, and aims for 50% of Feed to EPC orders within the chemical plant order target. Regarding investment activities, the company intends to invest a total of 150 billion KRW this year to promote ESG-based new businesses and operational innovation.

Additionally, the company projected this year's expected sales at 8.5 trillion KRW and operating profit at 610 billion KRW. It also forecasted order amounts of 8 trillion KRW.