Finance

Samsung C&T books $2.15 billion potential losses in 2015 results

Posted on

An employee walks past a logo of Samsung C&T Corp at the company's headquarters in Seoul, South Korea, July 16, 2015. REUTERS/Kim Hong-JiThomson ReutersAn employee walks past a logo of Samsung C&T Corp at the company’s headquarters in Seoul

SEOUL (Reuters) – Samsung C&T Corp said on Thursday it booked 2.6 trillion won (1.50 billion pounds) in potential losses in its 2015 earnings results, from projects such as its construction work in Australia’s Roy Hill iron ore mine.

Samsung Group’s de facto holding company said it booked about 850 billion won in estimated losses and contingent liabilities for the Roy Hill project.

(Reporting by Joyce Lee; Editing by Stephen Coates)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

Related Items:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

66.7K
Automotive

Comment Of The Day: Truth In Bragging Edition
20.9K
Finance

The world’s most popular migrant routes, in maps
Finance

Amazon poached 30 executives from Microsoft in the past 3 years — 6 times as many executives as the next lead poacher, Google (AMZN)
18.5K
Tech

1920+: Alternate history WWI shooter with friggin’ amazing concept art
17.4K
Tech

The Secret Life of Pets trailer: What do a bunny, snake and bulldog have in common?
Sports

Sin City: Knights make awful bet with ‘tout’ site, get roasted, then end partnership quicker than a Vegas marriage
16.4K
Tech

iPhone 6c specs, price and design revealed in huge new leak
15.9K
Tech

Galaxy S7 edge concept design has us craving the real thing
To Top