Finance

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

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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.

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