Samsung Engineering Reports 16.8% Increase in 2023 Net Income

SEOUL – Samsung Engineering Co. announced a significant increase in its net income for the year 2023. The company's net income reached 695.6 billion won (US$523.2 million), marking a 16.8 percent rise from the previous year.

According to Yonhap News Agency, the company's operating profit for 2023 was 993.1 billion won, a substantial increase from 702.9 billion won in the prior year. The annual sales also saw a rise of 5.7 percent, totaling 10.62 trillion won.

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