Daelim Industrial Transformed into DL, Joins '1 Trillion Won Operating Profit Club' for 2 Consecutive Years

Operating Profit of 117 Million KRW Last Year Before Split
Construction Business Records Operating Profit of 700 Billion KRW Despite COVID-19

[Image source=Yonhap News]

[Asia Economy Reporter Onyu Lim] The former Daelim Industrial, which transitioned to the DL Group system, has entered the '1 trillion won operating profit club' for the second consecutive year.

DL Co., Ltd. announced on the 28th that, based on the period before the split with DL E&C, it is estimated to have achieved sales of 10.265 trillion won and an operating profit of 1.1781 trillion won last year.

Despite the challenging business environment due to the impact of COVID-19, the construction business played a key role in recording a separate operating profit of 741.3 billion won, marking the highest level of operating profit ever. In particular, the housing business showed the industry's best profit margin, becoming the source of profitability. Additionally, consolidated subsidiaries such as Daelim Construction and Cariflex also contributed to the strong performance by recording a total operating profit of 373.1 billion won.

Last year, the petrochemical business division (now DL Chemical) and Yeochun NCC, accounted for under the equity method, recorded operating profits of 63.7 billion won and 307.2 billion won respectively, down 15% and 32% from the previous year due to sales declines caused by COVID-19 and low oil prices. However, PolyMirae, which produces polypropylene, a key raw material for mask filter additives, saw a 44% increase in operating profit compared to the previous year, reaching 125.8 billion won due to increased product sales.

On a consolidated basis, new orders reached 10.121 trillion won, a 50% increase from the previous year, driven by strong order performance in housing and civil engineering projects and subsidiary Daelim Construction. Thanks to the strong order performance, the consolidated order backlog at the end of last year stood at 22.0341 trillion won, an increase of 708.3 billion won compared to the order backlog at the end of the previous year.

At the end of last year, DL Co., Ltd.'s consolidated debt ratio before the split improved by 2.1 percentage points from the previous year to 97.5%, maintaining the highest level of financial soundness in the construction industry.

Furthermore, DL E&C and DL Co., Ltd. presented their management goals for this year after the split. DL E&C aims for sales of 7.8 trillion won, operating profit of 830 billion won, and new orders of 11.5 trillion won this year, while DL Co., Ltd. targets sales of 2 trillion won and operating profit of 210 billion won.

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