ID :
196911
Mon, 07/25/2011 - 06:56
Auther :
Shortlink :
https://oananews.org//node/196911
The shortlink copeid
Samsung Engineering Q2 net rises 16.6 pct
SEOUL, July 25 (Yonhap) -- Samsung Engineering Co., South Korea's largest industrial plant builder, said Monday that its net profit rose 16.6 percent in the second quarter from a year ago on increased sales.
Net profit came to 112.5 billion won (US$106.8 million) in the April-June period, compared with 96.4 billion won during the same period in 2010, Samsung Engineering said in a regulatory filing.
Sales soared 94.8 percent on-year to 2.12 trillion won, and operating profit rose 66.35 percent to 164 billion won, the company said.
Samsung Engineering also said its first-half net profit jumped 40.8 percent to 233.8 billion won, while its sales surged 81 percent to 3.94 trillion won.
"Sales of large plant projects that we have won for the recent two years started to pick up. We expect to grow at an annual rate of more than 30 percent in the future," said a company official.
Shares of Samsung Engineering fell 3.57 percent to 270,500 won as of 10:40 a.m. on the Seoul bourse. Thanks to its brisk performance, the market capitalization of Samsung Engineering recently breached the 11 trillion won mark.
Net profit came to 112.5 billion won (US$106.8 million) in the April-June period, compared with 96.4 billion won during the same period in 2010, Samsung Engineering said in a regulatory filing.
Sales soared 94.8 percent on-year to 2.12 trillion won, and operating profit rose 66.35 percent to 164 billion won, the company said.
Samsung Engineering also said its first-half net profit jumped 40.8 percent to 233.8 billion won, while its sales surged 81 percent to 3.94 trillion won.
"Sales of large plant projects that we have won for the recent two years started to pick up. We expect to grow at an annual rate of more than 30 percent in the future," said a company official.
Shares of Samsung Engineering fell 3.57 percent to 270,500 won as of 10:40 a.m. on the Seoul bourse. Thanks to its brisk performance, the market capitalization of Samsung Engineering recently breached the 11 trillion won mark.
