Samsung Heavy Industries announced on the 29th that its preliminary consolidated operating profit for the third quarter of this year was tallied at 338.4 billion won. This represents a 42.1% increase year-on-year and a 4.1% increase from the previous quarter.

Revenue for the same quarter was 3.1504 trillion won, up 19.6% year-on-year, but down 2.5% compared to the previous quarter.

Profit items improved across the board. Profit from continuing operations before corporate tax expenses was 610.7 billion won, up 332.5% year-on-year and 103.6% from the previous quarter. Net income for the period was 470.8 billion won, up 235.6% year-on-year and 111.3% from the previous quarter. Net profit attributable to owners of the parent company also reached 470.6 billion won, an increase of 231.4% year-on-year and 109.8% from the previous quarter.

■ Cumulative January-September Revenue of 9.2834 Trillion Won

Cumulative revenue from January through September of this year totaled 9.2834 trillion won, up 18.8% from the same period last year. Cumulative operating profit rose 65.5% year-on-year to 936.5 billion won.

During the same period, cumulative profit from continuing operations before corporate tax expenses stood at 1.0403 trillion won, up 132.9% year-on-year. Cumulative net income for the period increased 79.3% year-on-year to 793.7 billion won, while cumulative net profit attributable to owners of the parent company rose 77.7% year-on-year to 796.5 billion won.

■ "Preliminary Results Subject to Change Before External Audit"

These results are preliminary consolidated operating figures prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). Samsung Heavy Industries stated that the figures were drawn up before the completion of the accounting audit by its external auditor, and that some details may change during the accounting review process.

The company also disclosed that it plans to continuously provide this earnings information to domestic and foreign investors, analysts, and media outlets following the fair disclosure.