Hyundai Rotem Q3 Operating Profit 31.8 Billion KRW... Up 301% YoY

Sales of 82.524 billion KRW... 10.2% increase
Debt ratio 208%

[Asia Economy Reporter Han Yeju] Hyundai Rotem announced on the 27th that its operating profit for the third quarter of this year reached 31.831 billion KRW, an increase of 301.8% compared to the same period last year.

During the same period, sales rose 10.2% year-on-year to 782.524 billion KRW. Net profit also increased by 424.3% to 32.671 billion KRW.

By business division, the rail sector recorded sales of 1.3849 trillion KRW through the third quarter, up 15% compared to the same period last year. Sales in the Eco Plant division also increased by 9% to 245 billion KRW. The defense division saw a 4% decrease to 615.8 billion KRW.

The order backlog increased to 14.4653 trillion KRW. Hyundai Rotem signed an export contract worth approximately 4.4992 trillion KRW for the 'K2 Black Panther tank' with the Polish Military Procurement Office in August, significantly increasing the defense order backlog to 6.0941 trillion KRW.

Meanwhile, Hyundai Rotem's debt ratio at the end of the third quarter this year was 208%, down 16 percentage points from the end of last year.

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