Hyundai Rotem Posts Record Quarterly Operating Profit of 257.6 Billion Won in Q2

Up 128.4% Year-on-Year... Revenue Also Rises 29.5%

Hyundai Rotem achieved its highest-ever quarterly results in the second quarter of this year, driven by balanced overseas orders in both the railway and defense sectors.

On August 5, Hyundai Rotem announced that its consolidated operating profit for the second quarter reached 257.6 billion won, a 128.4% increase compared to the same period last year. This figure surpasses the previous record set in the first quarter of this year (202.8 billion won).

During the same period, revenue rose by 29.5% to 1.4176 trillion won, while net profit increased by 88.0% to 189.5 billion won. The company explained, "Profitability has significantly improved as production efficiency increased due to higher export volumes."

By business segment, Defense Solutions (defense) recorded revenue of 1.4193 trillion won, a 61% increase year-on-year. During the same period, Rail Solutions (railway) also grew by 39% to 929.9 billion won.

As of the end of the second quarter, the order backlog stood at 21.6368 trillion won, marking the highest quarterly figure ever. The second-phase contract for K2 tanks in Poland, signed earlier this month and valued at approximately 6.5 billion dollars, is expected to be reflected in the third quarter's order backlog.