Samsung E&A's Q2 operating profit up 51% to 273.1 billion won
Translated from Korean, summarized and contextualized by DistantNews.
At a glance
- Samsung E&A reported a 51% year-on-year increase in operating profit for the second quarter.
- Revenue also saw a significant rise of 19.8% compared to the same period last year.
- The company secured 3 trillion won in new orders during the second quarter.
Samsung E&A announced robust financial results for the second quarter of the year, revealing a substantial 51.0% surge in operating profit compared to the same period in 2022. The company posted an operating profit of 273.1 billion won. Revenue for the second quarter reached 2.6093 trillion won, marking a 19.8% increase year-on-year. Net profit also saw a healthy rise of 28.8% over the previous year's second quarter, totaling 182.5 billion won. These figures indicate strong performance and growth for Samsung E&A in the recent financial period. Adding to its positive financial outlook, Samsung E&A secured 3 trillion won in new orders during the second quarter. This influx of new business suggests a healthy pipeline and continued demand for the company's services or products. Cumulatively for the first half of the year, Samsung E&A reported total revenue of 4.8767 trillion won and an operating profit of 461.3 billion won. Net profit for the first half stood at 345.8 billion won. These half-year figures reflect sustained growth and a strong overall financial standing for the company.
Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.