Samsung Shipbuilding's profit sinks
The Korean shipbuilder said net profit to 31 December was KRW 147.3bn ($134.37m), against KRW 632.2bn in 2013.
29 January 2015 - 13:49
Revenue was down to KRW 12.9 trillion, compared to KRW 14.8 trillion the year before.
Operating profit also fell steeply at KRW 183bn, versus KRW 914bn in 2013.
The shipyard finished the year strongly, winning a slew of orders for mega-containerships and LNG carriers.
Samsung Heavy Industries Co., Ltd. engages in the shipbuilding, offshore, power and control systems, and wind energy businesses in South Korea and internationally.
The company’s shipbuilding products include crude oil tankers; product carriers that transport refined oil products; shuttle tankers that transport crude oil; arctic shuttle tankers; container ships; LNG (Liquefied Natural Gas) carriers; LNG SRV carriers; and passenger ships.
Its offshore products comprise drill ships; LNG-floating production storage offloading structures; crude oil production and storage facilities; floating offshore structures; offshore platforms; floating production units; offshore development ships; wind turbine installation vessels; and jack-up rigs.
The company’s power and control systems consist of ballast water management systems, fuel gas supply and storage system, medium and low voltage switchboards ship automation systems, navigation systems, electric power control systems, SI solutions, and regasification systems. In addition, it provides wind power generators.
Samsung Heavy Industries Co., Ltd was founded in 1974 and is headquartered in Seoul, South Korea.
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