Hanjin's First-Half Operating Profit Up 7%... "Focus on Solid Management"

Hanjin announced on the 14th that its sales and operating profit for the first half of this year reached 1.4728 trillion won and 64.3 billion won, respectively, marking increases of 1.8% and 6.8% compared to the first half of last year.

On a consolidated basis, provisional operating profit for the second quarter was 37 billion won, up 0.3% from the same period last year. Second-quarter sales were 743.7 billion won, an increase of 1.3%.

Hanjin explained, "By focusing on solid management in the first half of the year, we achieved improved results despite an uncertain domestic and global environment."

Hanjin emphasized that in its core parcel delivery division, it reduced operating costs by improving operational efficiency centered on the Daejeon Mega Hub Terminal.

In the logistics division, increased cargo handling volumes at major ports such as Busan New Port drove performance improvement. In the global division, Hanjin explained that the expansion of sea and air forwarding volumes, resulting from increased e-commerce exports and imports and the acquisition of new shippers, led to improved results for overseas subsidiaries in regions including the United States, Vietnam, and Japan.