Photo = Yonhap news

 

[Alpha Biz= Kim Jisun] Samsung C&T announced on Wednesday that its operating profit for the previous year reached 2.9834 trillion KRW, a 3.9% increase from the previous year.


Revenue rose by 0.5% year-on-year to 42.1032 trillion KRW, while net profit increased by 1.9% to 2.772 trillion KRW.


The company stated, "Despite the uncertain business environment last year, we maintained stable performance across diverse business portfolios, including construction, trading, fashion, and resorts, leveraging our competitiveness in each sector."


Samsung C&T also announced a dividend of 2,600 KRW per common share and 2,650 KRW per preferred share for this year.


Additionally, the company plans to cancel 7.808 million common shares, equivalent to one-third of its treasury stock, along with all preferred shares on February 2.


Based on the closing price as of January 21, the day before the board resolution, the cancellation is estimated to be worth approximately 932.2 billion KRW.

 

 

 

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