Samsung C&T Fashion Reports Q4 Operating Profit of KRW 45 Billion, Up 4.7% Year-on-Year
Creatrip Team
2 months ago
Samsung C&T’s fashion division posted Q4 sales of KRW 560 billion and an operating profit of KRW 45 billion, increases of KRW 19 billion and KRW 2 billion respectively from the same period last year. The company attributed the improvement to recovering consumer sentiment and strong winter season promotions. For the full year, the division recorded KRW 2.02 trillion in revenue and KRW 123 billion in operating profit, marking four consecutive years of annual revenue above KRW 2 trillion. Annual operating profit fell versus the prior year due to higher marketing costs amid a slower economy in the first half. The division plans to drive continued growth by strengthening in-house brands, introducing imported brands, and expanding online and global business.
