Goryeo Development Reports Operating Profit of 63.1 Billion KRW Last Year, Up 57.9% Year-on-Year
[Asia Economy Reporter Oh Ju-yeon] Korea Development announced on the 21st that its operating profit last year increased by 57.9% compared to the previous year, reaching 63.1 billion KRW. Sales rose by 23.6% to 684.9 billion KRW, and net profit for the period surged by 5325.0% to 33.7 billion KRW.
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The company explained, "The main factors were increased sales due to higher order intake and smooth progress at ongoing sites, improved profitability from better cost ratios and cost reductions, and improvement in non-operating income and expenses due to debt restructuring gains following graduation from workout."
This content was produced with the assistance of AI translation services.
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