GS Construction Reports Operating Profit of 751.2 Billion KRW Last Year, Down 2.1% YoY

[Asia Economy Reporter Kim Hyemin] GS Construction announced on the 22nd that its operating profit for last year, on a consolidated basis, was tentatively estimated at 751.2 billion KRW, a 2.1% decrease compared to the previous year. Sales amounted to 10.1229 trillion KRW, down 2.8% during the same period.

The operating profit margin, which is the ratio of operating profit to sales, was 7.42%. GS Construction stated, "Despite the worsening business environment due to the novel coronavirus disease (COVID-19), we maintained sales and operating profit at the previous year's level," and added, "In particular, the operating profit margin is at the highest level in the industry, reflecting profitability-focused management performance."

New orders increased by more than 20% to 12.4113 trillion KRW compared to last year's 10.072 trillion KRW. GS Construction set this year's management goals as sales of 10.4 trillion KRW and new orders of 13.7 trillion KRW.

This content was produced with the assistance of AI translation services.