Halla's Operating Profit Increased by 43% Year-on-Year Last Year... Supplying 11,000 Households This Year

Last Year Sales 1.5653 Trillion KRW · Operating Profit 96.8 Billion KRW
2.3 Trillion KRW New Orders Last Year... This Year's Management Policy 'Dynamic Hanla'

[Asia Economy Reporter Kim Hyemin] Hanla announced on the 4th that its consolidated operating profit last year reached 96.8 billion KRW, a 43% increase compared to the previous year. Riding on a continuous rise in new orders, the company plans to supply 11,000 housing units this year.

Hanla revealed through a preliminary disclosure that its consolidated sales last year amounted to 1.5653 trillion KRW, marking a 20% increase from the previous year. During the same period, net profit reached 110.5 billion KRW, achieving performance improvements beyond business targets.

Hanla's performance improvement is attributed to the expansion of new orders since 2018. Intensive innovation activities also significantly lowered the cost ratio. A Hanla representative explained, "In particular, the realization of gains from the sale of the Dongtan logistics complex led to an earnings surprise with net profit exceeding 100 billion KRW." Hanla plans to pay a cash dividend of 100 KRW per share.

This year, Hanla plans to supply 11,000 housing units. Starting with the sale of 'Yangpyeong Station Hanla Vivaldi' (1,602 units) this month, the company will sequentially carry out self-developed and contract projects in the metropolitan areas such as Icheon and Bucheon. Regional housing association projects in Busan, Ulsan, and Yongin, which have been promoted so far, will also be in full swing. In the Jeonju area, mixed-use residential-commercial complexes on Jeonju Girin-ro and redevelopment sales projects in Gamnamugol are also scheduled one after another.

In the infrastructure sector, Hanla will actively participate in bidding projects focused on railroads, ports, and airports. Last year, Hanla was selected as the lead operator for private investment projects such as the Balan-Namyang Expressway and Pyeongtaek East Expressway. In addition, the company plans to continue mergers and acquisitions (M&A) of high-quality companies and investments in startup companies for future growth. It has also set goals to integrate IT new technologies into existing construction fields such as smart ports and data center construction projects and to actively discover related solutions.

CEO Lee Seok-min stated, "Based on new perspectives and dynamism, we will reorganize existing assets to transform into an efficient and proactive organization," adding, "This year, we will further strengthen our fundamentals while pursuing growth to secure future growth engines."

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