Operating and net profit up for Samsung Engineering

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Operating and net profit up for Samsung Engineering

Samsung Engineering said yesterday that its operating profit and net profit were in the black in the first quarter, though its sales have dropped more than 10 percent.

The builder under Samsung Group said that its revenue reached 2.21 trillion won ($2.1 billion), down 11.9 percent, in the first three months of the year, but its operating profit was 30.6 billion won, a significant improvement from its 219.8 billion won loss last year.

Net profit also climbed to 25.1 billion won, a sharp rise from last year’s 180.5 billion won loss.

The value of orders won in the first quarter of this year was 4.98 trillion won, up 108.8 percent from a year ago, Samsung Engineering said.

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