Samsung C&T Corp. reported a 73.9% year-on-year jump in second-quarter net profit, driven by robust performance across its diversified business segments.
The construction and trading affiliate of South Korea’s Samsung Group cited broad-based strength in its portfolio as the primary catalyst for the significant earnings expansion.
9% rise in net profit, supported by higher contributions from high-end vessels and improved production efficiency.
The result underscores the resilience of Samsung Group’s non-semiconductor arms amid a broader corporate upturn.
Samsung C&T’s gains complement recent positive developments elsewhere in the conglomerate, including a record operating profit surge at Samsung Electronics and steady growth at Samsung Heavy Industries.
Samsung Electronics is expected to report an approximately 18-fold increase in operating profit for the same period, fueled by surging demand for memory chips from artificial intelligence applications.
Meanwhile, Samsung Heavy Industries posted a 4.9% rise in net profit, supported by higher contributions from high-end vessels and improved production efficiency.