Hyundai Rotem Reports Operating Profit of 25.6 Billion KRW in Q2, Returns to Profitability
[Asia Economy Reporter Ki-min Lee] Hyundai Rotem announced on the 24th that its consolidated operating profit for the second quarter of this year was 25.592 billion KRW, turning to a profit compared to the same period last year (operating loss of 38.274 billion KRW).
Hyundai Rotem's operating profit also increased by 119.3% compared to the first quarter of this year (11.669 billion KRW).
Sales amounted to 656.636 billion KRW, a 3.9% increase compared to the same period last year (631.873 billion KRW). Net profit turned positive at 24.467 billion KRW.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Last Year, Net Profit of Securities Firms' Overseas Subsidiaries Rose from $270 Million to $450 Million
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Hyundai Rotem's operating performance for the second quarter of this year exceeded the securities firms' average figures compiled by financial information provider FnGuide, which were sales of 662.9 billion KRW and operating profit of 8.7 billion KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
