Samsung E&A reported third-quarter operating profit of 500.6 billion won, or approximately $378.44 million, nearly double market expectations and up 183.6% from a year earlier. The stronger-than-expected earnings, coupled with a 780 billion won share repurchase plan, have fueled investor optimism ov
Samsung E&A reported a remarkable 184% surge in profit for the third quarter, with operating profit reaching 500.6 billion won, nearly double market expectations. This strong performance, combined with a 780 billion won share buyback plan, has generated significant investor optimism regarding the company's profitability and shareholder returns.
The earnings beat was driven by revenue recognition from major chemical plant and advanced industrial projects, productivity gains from technology-driven improvements in project execution, and one-time gains totaling approximately 230 billion won, including provision reversals and design efficiency incentives.
Brief written by urgent.news from BusinessKorea's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest since August, and US gold futures mirrored the drop.
The Nifty on Friday is set to register its longest time-wise technical correction (trading below long-term average) since Jan 2012, totalling 160 days. Index is below its 200-DMA since Feb 27, 2026.
