{
  "id": 17013661,
  "title": "(LEAD) Samsung Heavy Industries Q3 net profit more than triples on high-value-added ships",
  "url": "https://urgent.news/2026/10/29/lead-samsung-heavy-industries-q3-net-profit-more-than-triples-on-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T05:08:42.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261029007151320"
  },
  "original_language": "en",
  "account": "South Korean shipbuilder Samsung Heavy Industries reported a more than tripling of its third-quarter net profit on Thursday, fueled by robust sales of high-value-added vessels. The company's net profit for the July-September period reached 470.8 billion won (US$352.4 million), a staggering 235.6 percent increase compared to the same period last year. Operating profit also surged 42.1 percent year-on-year to 338.4 billion won, while revenue grew 19.6 percent to 3.15 trillion won.\n\nDespite fewer working days due to summer vacations and fall holidays, Samsung Heavy Industries managed to maintain a healthy operating profit margin of 10.7 percent. This was made possible by increased production of high-value-added vessels. The company has secured orders worth US$12.4 billion for 48 vessels, including 20 liquefied natural gas (LNG) carriers and two floating LNG facilities, which have already accounted for 89 percent of their annual order target.",
  "summary": "SEOUL, Oct. 29 (Yonhap) -- South Korean shipbuilder Samsung Heavy Industries Co....",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Tech in Asia",
        "title": "Samsung SDI swings to $255m Q3 profit but misses forecasts",
        "url": "https://urgent.news/2026/10/29/samsung-sdi-swings-to-255m-q3-profit-but-misses-forecasts",
        "published": "2026-10-29T00:57:47.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Samsung Electronics' Q3 dividend jumps 12-fold, totals to $22.5 bil.",
        "url": "https://urgent.news/2026/10/29/samsung-electronics-q3-dividend-jumps-12-fold-totals-to-22-5-bil",
        "published": "2026-10-29T01:07:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}