The company’s operating profit plunged from KRW 914.2 billion in 2013 to KRW 183 billion in 2014, according to the company’s unaudited preliminary results.
SHI’s net profit saw a four-fold dip from KRW 632.2 billion recorded in 2013 to KRW 147.3 billion.
However, the shipbuilder’s order intake was pretty strong at the end of the financial year, the most recent order being the deal for construction of Kogas LNG carriers.
Under the deal, Samsung will build two 174,000 m3 LNG carriers worth USD 417 million.
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