Samsung Engineering said on Jan. 31 that its operating profit rose 87 percent on-year to 385.5 billion won last year.
Its annual sales rose 16.2 percent year-on-year to 6.368 trillion won and net profit went up 321.1 percent to 295.6 billion won last year.
Its fourth-quarter performance last year was 1.753 trillion won in sales, 66.7 billion won in operating profit and 47.2 billion won in net profit. New orders received were worth 7 trillion won.
Samsung Engineering surpassed 6.6 trillion won in annual earnings forecast orders, 6.2 trillion won in sales and 300 billion won in operating profit last year.
"As sales of high-quality overseas projects that we received over the past two to three years have been reflected in our performance, we have seen a trend of improvement in our performance centered on the chemical industry sector. The industrial environment sector has also continued to maintain stable profit structures," a company official said.
It also forecast 10.5 trillion won in orders, 6 trillion won in sales and 340 billion won in operating profit this year. Marking the 50th anniversary of its foundation this year, the company set up a plan to lay the foundation for mid- and long-term sustainable growth through solid performance and technological innovation.
"Based on accumulated experience and differentiated technical skills, we will continue exerting efforts to secure competitiveness of EPC for stable and sustainable growth by enhancing productivity and efficiency through digital innovation such as modularization and automation," said an official at Samsung Engineering.
