April 24, 2024

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[THE INVESTOR] Samsung C&T, the de facto holding company of Samsung Group, said on Oct. 25 that it posted ab 18-percent on-year rise in its third-quarter operating profit.

Operating income reached 220 billion won (US$ 195 million) in the July-September period, compared with an operating income of 186 billion won a year earlier, the company said in a regulatory filing.

Sales also rose 13.2 percent on-year to 7.49 trillion won, while net profit declined 3.9 percent to 139 billion won over the cited period, it added.

Its construction business suffered a 31.4 percent dip in its operating income at 105 billion won, and its sales grew 5 percent on-year to 3.13 trillion won.

Its general trading unit logged 46 billion won in the third quarter on sales of 3.19 trillion won, while its fashion business suffered an operating loss of 13 billion won on sales of 374 billion won.

By Alex Lee and newswires (alexlee @heraldcorp.com)