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Samsung C&T's Q3 Operating Profit Falls 21% On-Year

Written: 2019-10-23 18:38:20Updated: 2019-10-23 18:42:27

Samsung C&T's Q3 Operating Profit Falls 21% On-Year

Photo : YONHAP News

Samsung C&T's sales and operating profits have fallen in the third quarter from a year earlier. 

The construction and trading arm of Samsung Group announced its latest quarterly earnings on Wednesday, including seven-trillion-734-point-six billion won worth of sales, which was zero-point-six percent lower than the same period last year. The decline in sales widened to three percent from the previous quarter. 

The company posted an operating profit of 216-point-three billion won for the July-September period, down 21 percent compared to last year and two percent lower from the second quarter. 

Its net profit, however, rose 12-point-four percent on-year to 265 billion won.

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