Duzon Bizon Q2 Operating Profit 12.2 Billion KRW... 40.4% Decrease YoY

[Asia Economy Reporter Myung-hwan Lee] Duzon Bizon announced on the 27th that its operating profit for the second quarter of this year was tentatively estimated at 12.168 billion KRW, a 40.4% decrease compared to the same period last year.

During the same period, sales decreased by 7.2% to 74.866 billion KRW, and net profit dropped by 61.4% to 7.765 billion KRW.

Duzon Bizon explained that despite solid order performance this quarter, delays in system construction due to domestic and international labor shortages and COVID-19 issues affected the decline in sales.

A Duzon Bizon official said, "We are laying the foundation for sustainable growth through innovation in core business areas," adding, "The growth momentum of existing businesses remains valid, and the revenue contribution effect of new businesses is expected to become visible, making a performance rebound possible in the second half of the year."