Samsung C&T Corporation, a South Korean trading and construction company, said that its fourth quarter earnings soared 645.6% YoY due to foreign sales gains.

Net income came to KRW 92.2 billion in the October to December 2011 period as compared with KRW 13.0 billion a year earlier. Sales moved up 31.8% YoY to KRW 6.3 trillion during the cited period and operating profit jumped 527% YoY to KRW 128.2 billion.

The company said that overseas plant sales and a rise in orders secured helped overall earnings. The company reported it won orders totaling KRW 12.3 trillion in 2011.

For the whole of 2011, its net profit dropped 17.7% YoY to KRW 409.1 billion. Operating profit also fell by 5.6% YoY to KRW 596.8 billion, while sales moved up 21.3% YoY to KRW 21.5 trillion.

(Sourced from www.yonhapnews.co.kr)