HD Hyundai Construction Equipment Reports Operating Profit of 257.2 Billion KRW Last Year, Up 51% YoY

HD Hyundai Construction Equipment announced on the 23rd that its consolidated sales for last year were tentatively estimated at 3.825 trillion KRW, with an operating profit of 257.2 billion KRW.

Sales and operating profit increased by 8.8% and 50.8% respectively compared to the previous year. The operating profit margin was 6.7%, and net profit for the period was 127.1 billion KRW.

HD Hyundai Construction Equipment explained, "Steady sales in strategic regions continued, and both sales and operating profit increased due to price hikes and expanded sales in high-profit regions."

HD Hyundai Construction Equipment plans to announce its full-year and fourth-quarter business results for last year on the 6th of next month.