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Samsung E&A (028050) reported a preliminary first-quarter operating profit of 188.2 billion won, up 19.6% from a year earlier, according to a disclosure on the 23rd.
First-quarter revenue rose 8.1% year-on-year to 2.2674 trillion won, while net profit increased 3.9% to 163.3 billion won.
By segment, revenue came in at 1.1299 trillion won for chemicals, 574.2 billion won for advanced industries, and 563.3 billion won for new energy.
Samsung E&A cited the full-scale reflection of revenue from large-scale chemical plants and domestic advanced-industry plants as the driving force behind its performance. It added that despite uncertainty in the global energy market, it sustained growth through cost competitiveness driven by differentiated execution based on innovative technologies such as artificial intelligence (AI), automation, and modules.
New orders also performed strongly. Samsung E&A recorded 4.6 trillion won in new orders in the first quarter, achieving about 40% of its annual target. Its order backlog stood at 20.6 trillion won, securing roughly 2.3 years' worth of work.
An official from Samsung E&A said, "We are achieving continuous cost improvements through differentiated execution based on innovative technologies," adding, "We will actively respond to changes in the global energy market to achieve sustained growth."
Meanwhile, Samsung E&A is solidifying its standing as an eco-friendly company, earning an AA rating in the Morgan Stanley Capital International (MSCI) environmental, social, and governance (ESG) assessment and an A grade in the Carbon Disclosure Project (CDP).
