Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Engineering Co Ltd    028050   KR7028050003

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Samsung Engineering : Q2 operating profit falls 82%

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/28/2016 | 09:08pm CEST

South Koreas largest builder of engineering projects, posted on July 28 an 82.6 percent fall in second-quarter operating profit, struggling to recover from last years slump even after clearing off massive losses led by reverses in the Middle East.

The plant engineering unit of Samsung Group narrowly avoided losses in the April-June period by posting 3.5 billion won (US$3.10 million) in operating profit and 2.3 billion won in net profit, up 44 percent on-year, the firm said in a statement.

Samsung Engineering attributed the sluggish quarterly earnings report primarily to 50 billion won the firm set aside to meet losses arising from a tank building project for SMP, a joint venture between Samsung Fine Chemical and MEMC of the US.

Sales during the three months to June 30 rose 2 percent on-year to 1.88 trillion won.

Dented by delays on work in Saudi Arabia, the United Arab Emirates and other projects, the builder logged net loss of 1.30 trillion won and in 2015.

The company said it expected that its earnings will improve from the second half of this year as high-quality projects it has won from the end of 2015 will start to be reflected in its financial statement.

Samsung Engineerings shares advanced 6.33 percent to close at 11,750 won, outperforming a 0.2 percent fall in the broader market.

(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SAMSUNG ENGINEERING CO LTD
07/28 SAMSUNG ENGINEERING : Q2 operating profit falls 82%
06/15 Samsung Heavy to reduce workforce, wage
06/10 Samsung boosts policy for shareholders
06/08 SAMSUNG ENGINEERING : marks success of its projects in KSA
06/07 Samsung's restructuring plan faces opposition by minority shareholders
06/03 Samsung Heavy considers stock sale, sister firms' participation in focus
06/02 KDB approves Samsung Heavy's self-rescue plan
05/11 SAMSUNG ENGINEERING : Malaysia's Petronas Wins Three EPCC Contracts For Pengeran..
04/13 SAMSUNG ENGINEERING : SOCAR’s carbamide plant to become profitable by 2026
04/13 SAMSUNG ENGINEERING : continues work on carbamide plant in Azerbaijan
More news
Sector news : Industrial Plant
07/28DJSFR Plans to Cut Workforce By a Third In 2017-2019
07/27 SFR plans to shed 5,000 jobs from 2017 to 2019 - unions
07/25 SUNOPTA DRAWS PRIVATE EQUITY INTERES : sources
07/19DJCIMIC : 1st Half Profit, Dividend Slightly Higher
07/13DJAugmented Reality Gets Boost From Success of 'Poké mon Go'
More sector news : Industrial Plant
Advertisement
Financials ( KRW)
Sales 2016 6 597 B
EBIT 2016 166 B
Net income 2016 118 B
Debt 2016 828 B
Yield 2016 -
P/E ratio 2016 15,43
P/E ratio 2017 13,05
EV / Sales 2016 0,45x
EV / Sales 2017 0,44x
Capitalization 2 165 800 M
More Financials
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 22
Average target price 9 220  KRW
Spread / Average Target -17%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jung-Heum Park President, Chief Executive Officer & Director
Eun-Gi Lee Managing Director & Head-Finance
Wan-Seon Shin Outside Director
Sang-Hoon Kim Outside Director
Ji-Jong Jang Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ENGINEERING CO..1 925
CN NATIONAL CHEMICAL E..-17.56%4 162
FLSMIDTH & CO. A/S11.67%2 048
TAIKISHA LTD-3.07%982
PURADELTA LESTARI TBK ..--.--%943
TOYO ENGINEERING CORP8.33%614
More Results