Taeyoung Construction Reports Q3 Operating Profit of 8.5 Billion KRW, Down 65.6% YoY

Taeyoung Construction announced on the 14th that its consolidated operating profit for the third quarter was 8.5 billion KRW, a decrease of 65.6% compared to the same period last year.

During the same period, sales revenue fell by 22.8% to 576.1 billion KRW. On the other hand, net profit increased by 69.1% to 12.1 billion KRW.

Cumulative sales revenue up to the third quarter of this year reached 1.9983 trillion KRW, operating profit was 6.8 billion KRW, and net profit was 99.1 billion KRW, respectively.

Taeyoung Construction explained the increase in net profit as "the effect of reflecting the earnings of subsidiaries along with the equity method gains from affiliated companies."

Yonhap News