April 26, 2024

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[THE INVESTOR] Samsung C&T, the de facto holding company of Samsung Group, bounced back into the black with a net profit of 258.3 billion won (US$221.60 million) for the fourth quarter of 2016, the company said on Jan. 25.

The firm, whose business ranges from construction to trade, fashion and resorts, attributed the result to a rise in construction orders overseas and growing sales of commodity-related businesses. At the operating level, the company also posted a profit of 210.7 billion won for the fourth quarter.

According to Samsung C&T’s regulatory filling, fourth-quarter sales rose 10 percent on year to 7.04 trillion won.

(theinvestor@heraldcorp.com)