Lotte Construction Q2 Sales Reach 1.5197 Trillion Won, Up 15.2% Year-on-Year

Lotte Construction announced on the 19th that its sales in the second quarter of this year reached 1.5197 trillion KRW, up 15.2% compared to the same period last year, and operating profit was 139.4 billion KRW, an increase of 34.6% over the same period.

For the first half of the year, sales rose 9.5% year-on-year to 2.7438 trillion KRW, and operating profit increased 26.7% year-on-year to 245.6 billion KRW. Net borrowings decreased by 600 billion KRW compared to the same period last year, enhancing financial stability.

A Lotte Construction official said, "This performance increase is the result of stable sales growth driven by large-scale projects nearing completion such as the Hwaseong Dongtan complex development project, as well as the commencement of housing, architecture, and civil engineering projects."

Lotte Construction's order intake for the first half also rose 18.5% year-on-year to 5.9155 trillion KRW. Overseas, it secured large-scale projects such as the Pakistan 'Lower Spat Gah' hydropower project and the Ho Chi Minh Non Duc Villa in Vietnam, while domestically it won orders for the Isu-Gwacheon complex tunnel private investment project, Gwangyang biomass power plant, and Daejeon Doan New Town 2-9 district development project, showing an increase compared to the first half of last year.

Following the Magok MICE complex development project and Incheon Geomdan New Town 101 station area development project, it recently secured the Hanam H2 project, demonstrating strength in large-scale complex development projects.

The order amount for urban maintenance projects has surpassed approximately 1 trillion KRW through projects such as the Mokdong Woosung Phase 2 remodeling project and Changwon Yangdeok 4 district redevelopment project.

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