Samsung C&T, Q1 Operating Profit 712 Billion KRW... Up 11.1% YoY

Sales increased by 5.4% to 10.796 trillion won

Samsung C&T announced on the 24th that it recorded sales of 10.796 trillion KRW in the first quarter, a 5.4% increase compared to the same period last year. Operating profit rose 11.1% to 712 billion KRW.

Samsung C&T explained that despite the expansion of global economic uncertainties in the first quarter, overall performance increased by maintaining solid profitability based on differentiated competitiveness across business sectors.

In the trading division, although performance declined compared to the same period last year, the company expanded its business and improved profitability through strengthened operational competitiveness, resulting in better performance than the previous quarter. Sales for this quarter were 2.906 trillion KRW, with an operating profit of 85 billion KRW.

In the resort division, performance improved due to overall park growth and expanded food material distribution. Sales reached 842 billion KRW, and operating profit was 21 billion KRW, both increasing compared to the same period last year. Notably, operating profit increased by 200%.

Samsung C&T stated, "Amid increasing external volatility, we will strive to maintain stable performance in the second quarter by solidifying our profit base based on the improved business structure."

In the trading division, efforts will be made to maintain stable profitability, and in the resort division, the company plans to ensure that improved performance is sustained.