Sales Down 24% Year-on-Year, Operating Profit Maintained
Data-Driven Pre-Sales Lead to Sell-Out in Changwon in Just 80 Days
Doosan Engineering & Construction announced on August 14 that it recorded an operating profit of 53.6 billion KRW in the first half of this year by minimizing risks and pursuing data-driven pre-sale projects.
Doosan Engineering & Construction reported on August 14 that its consolidated sales for the first half of this year reached 868.4 billion KRW, with an operating profit of 53.6 billion KRW and a net profit of 35.7 billion KRW. Compared to the same period last year, sales decreased by 24.9%, while operating profit increased by 0.1%.
The company focused on minimizing risks and improving the quality of its business portfolio. The cost of goods sold ratio for the first half was managed stably at 89.5%, with an operating margin of 6.2% and a net profit margin of 4.1%, further strengthening its profitability indicators. Doosan Engineering & Construction explained that its focus on solid internal management led to increases in both operating profit and net profit compared to the same period last year.
Through data-driven pre-sale strategies, the company achieved successful sales results. Despite a sluggish regional pre-sale market, precise demand analysis and customized marketing enabled all units of 'Changwon Megacity Xi & Weave' to be sold within about 80 days of the start of contracts. 'Doosan We’ve The Zenith Pyeongnae-Hopyeong Station N49' and 'Rivercent Prugio We’ve' were also quickly sold out.
In the second half of this year, the company plans to pursue both profitability and external growth by launching pre-sales in the Seoul metropolitan area, including the Bugae 4 District Housing Redevelopment Maintenance Project, the Dohwa 4 District Housing Redevelopment Maintenance Project, and the Suwon Yeonghwa Redevelopment Project.
Additionally, Doosan Engineering & Construction is proactively responding to the government’s public-centered housing supply policies and is building a balanced business portfolio encompassing both public and private sectors. The company signed joint project implementation agreements for 'Banghak Station' and 'Ssangmun Station East Side,' the first and second urban complex projects in Seoul. Including these, Doosan’s order intake for the first half amounted to 839.3 billion KRW, with an order backlog of approximately 10 trillion KRW.
The company is also receiving positive evaluations in terms of financial stability. Doosan Engineering & Construction recently received a credit rating upgrade from Korea Ratings, recognized for its management capabilities regarding PF contingent liabilities and financial structure. In the Ministry of Land, Infrastructure and Transport’s 2025 construction capability evaluation, the company’s ranking rose by seven places from the previous year, reaching 25th place.
Doosan Engineering & Construction stated, “In a market environment marked by high uncertainty, our strategy of prioritizing profitability and stability over external growth has paid off,” adding, “In the second half, we will further strengthen sustainable growth by expanding pre-sales and securing additional growth momentum.”
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