[Click e-Stock] "Hyosung Heavy Industries Expected to Meet Q2 Market Expectations"

On July 10, Hana Securities estimated that Hyosung Heavy Industries' second-quarter results for this year likely met market expectations.

Yoo Jaeseon, a researcher at Hana Securities, stated, "Second-quarter revenue reached 1.3605 trillion won, representing a 14.0% increase compared to the same period last year," adding, "The results reflected some Europe-bound sales in the heavy industries segment that were carried over from the previous quarter."

He continued, "We expect the company to maintain its growth trend as it recognizes high-margin orders," and added, "The construction segment is also expected to recover from a temporary slowdown, driven by an increase in completed sites by subsidiaries."

Yoo analyzed, "Operating profit is estimated to have reached 136.5 billion won, a 117.3% increase year-on-year," and explained, "Although high-margin overseas volumes have increased rapidly, considering the time lag before these are reflected in sales, we expect the profit margin to show a gradual upward trend."

He further explained, "The expansion of the Changwon headquarters has been completed, and additional expansion is underway this year in Memphis, United States," adding, "Further expansion in the North American market is also under review."