Samsung C&T Q3 net profit down 20.1% to $405.4 mil.

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 This undated photo shows a flag of Samsung C&T in front of a headquarters of its company in Seocho District, Seoul. Newsis

This undated photo shows a flag of Samsung C&T in front of a headquarters of its company in Seocho District, Seoul. Newsis

Samsung C&T on Wednesday reported its third-quarter net profit of 560 billion won ($405.4 million), down 20.1 percent from a year earlier.

The company said in a regulatory filing that operating income for the July-September period fell 11.3 percent on-year to 736.2 billion won. Sales decreased 6 percent to 10.3 trillion won.

The earnings met market expectations. The average estimate of net profit by analysts stood at 560 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)

Source: koreatimes.co.kr
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