HD Hyundai Infracore Reports Operating Profit of 418.2 Billion KRW Last Year, Up 26% YoY

HD Hyundai Infracore announced on the 23rd that its consolidated sales for last year were tentatively estimated at 4.6596 trillion KRW, with an operating profit of 418.2 billion KRW.

Sales decreased by 2% compared to the previous year, but operating profit increased by 26%. The operating profit margin was 9%, and net profit was recorded at 230.7 billion KRW.

HD Hyundai Infracore explained that the increase in operating profit was due to improved profitability from higher construction machinery sales prices and cost reduction effects from maximizing synergy with affiliates within the group.

HD Hyundai Infracore will announce its full-year and fourth-quarter business results for last year on the 2nd of next month.