DL Construction Obtains Credit Rating 'A-' for Second Consecutive Year

HanKiPyung and HanShinPyung Credit Ratings Confirmed
Robust Order Trends and Industry-Leading Financial Stability

DL Construction announced on the 24th that it has obtained the unsecured bond credit rating of 'A- (Stable)' for two consecutive years from Korea Ratings on the 18th.

Earlier, DL Construction secured the same rating from Korea Credit Rating on the 11th, confirming its credit rating by obtaining an A- from two credit rating agencies.

In its report, Korea Ratings evaluated, "With abundant order backlog and construction experience, business stability is favorable," and "Based on solid cash generation capability, it is expected to maintain excellent financial stability."

In the first quarter of this year, DL Construction achieved new orders worth 258.8 billion KRW, a 124% increase compared to the same period last year, and the order backlog stood at 6.4 trillion KRW, similar to the level at the end of the previous year. During the same period, sales and operating profit recorded 515.3 billion KRW and 10.4 billion KRW respectively, increasing by 55% and 166.7% compared to the same period last year.

The financial structure also appears stable. The debt ratio is 81.4%, the current ratio is 213.9%, and the company holds cash equivalents worth 561.4 billion KRW, demonstrating top-tier financial soundness in the industry, according to DL Construction.

A DL Construction official stated, "It is significant to have obtained the A- rating for two consecutive years amid the recently deteriorated market conditions," adding, "We will continue sustainable growth by maintaining stable financial soundness through thorough risk management."

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