GS E&C's operating profit fell by 14% despite the largest new orders
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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stockmk2020@alphabiz.co.kr | 2023-01-31 07:57:04
[Alpha Biz=(Chicago) Reporter Kim Jisun] GS Engineering & Construction won the largest-ever new order last year, but it was found to have performed poorly due to foreign exchange losses stemming from the strong dollar trend.
On the 30th, GS Engineering & Construction's annual operating profit fell 14% year-on-year to 554.6 billion won last year. Net profit turned into a deficit with a loss of 55.5 billion won.
The annual amount of new orders reached 16.743 trillion won, the highest since its foundation, but it is analyzed that the size of profits has decreased significantly due to the soaring won-dollar exchange rate.
Sales rose 36.0% over the same period to 12.2986 trillion won.
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