Samsung C&T Reports 17.5% Increase in Q3 Net Profit to 701.2 Billion Won

SEOUL - Samsung C&T Corp announced a 17.5% rise in third-quarter net profit on Wednesday, totaling 701.2 billion won (US$519.5 million).

According to a news release by Yonhap News Agency, the operating profit for the quarter was 830.4 billion won, a slight increase from 796.8 billion won a year ago. However, revenue for the quarter declined by 2.5% to 10.97 trillion won. The reported operating profit surpassed the average estimate by 8.9%, as indicated by a survey from Yonhap Infomax, the financial data subsidiary of Yonhap News Agency. The net profit estimate was not disclosed.

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