(LEAD) Samsung Heavy Industries Q3 net profit more than triples on high-value-added ships

What happened: Samsung Heavy Industries said its third-quarter net profit more than tripled from a year earlier, driven by strong sales of high-value-added vessels. Key numbers: Net profit 470.8 billion won (US$352.4 million), up 235.6 percent on-year. Operating profit 338.4 billion won, up 42.1 percent. Revenue 3.15 trillion won, up 19.6 percent. Operating margin 10.7 percent. Why it matters: The company attributed profit growth to increased production of high-value-added vessels, and its order book includes 20 LNG carriers and two floating LNG facilities.

Samsung Heavy Industries said its third-quarter net profit more than tripled from a year earlier, driven by strong sales of high-value-added vessels.

The company attributed profit growth to increased production of high-value-added vessels, and its order book includes 20 LNG carriers and two floating LNG facilities.