Samsung C&T disclosed on the 28th that it recorded revenue of 12.08 trillion won and an operating profit of 1.143 trillion won in the third quarter of this year. Revenue increased by 18.3% and operating profit rose by 15% compared to the same period last year. The company explained, "Performance was driven by balanced growth across key business segments, including construction, trading, fashion, and resorts."
Specifically, revenue in the construction segment reached 4.465 trillion won, an increase of 1.375 trillion won from the same period last year. Operating profit stood at 277 billion won, up by 166 billion won over the same period, more than doubling. Compared to the previous quarter, revenue and operating profit increased by 477 billion won and 75 billion won, respectively. This was attributed to the full-scale rollout of high-tech construction projects and the smooth progress of overseas architectural projects.
The trading segment recorded revenue of 4.2 trillion won and an operating profit of 99 billion won. These figures increased by 315 billion won and 23 billion won, respectively, compared to the same period last year. Expanded profits from essential industrial materials trading and strong performance in the technology business drove the improvement in results. However, compared to the previous quarter, revenue decreased by 503 billion won and operating profit fell by 43 billion won.
The fashion segment showed strong sales of representative products from its core brands despite the seasonal off-peak period. Revenue increased by 53 billion won from the same period last year to 498 billion won, while operating profit rose by 8 billion won to 20 billion won.
The resort segment benefited from the expansion of its food and beverage business, including group catering and food ingredient distribution, as well as operational efficiency improvements. Revenue reached 1.115 trillion won and operating profit was 85 billion won, up by 44 billion won and 12 billion won, respectively, compared to the same period last year. Compared to the previous quarter, revenue increased by 23 billion won and operating profit rose by 37 billion won.
An official from Samsung C&T stated, "Despite uncertain business environments both domestically and internationally, we achieved balanced performance based on the diverse portfolios of each business segment."
in INDUSTRY
