HD Hyundai Infracore, 2Q Operating Profit 162 Billion Won... 87% Increase

Sales Increased by 11% and Operating Profit by 87% Compared to the Same Period Last Year

HD Hyundai Infracore announced on the 26th through its earnings disclosure that it recorded sales of 1.314 trillion KRW and an operating profit of 162 billion KRW in the second quarter. Sales and operating profit increased by 10.6% and 87%, respectively, compared to the previous year.

10-ton class Dibelon bulldozer

The growth in emerging and advanced construction machinery markets (North America, Europe) and the steady increase in demand for the engine division led to expanded sales. Operating profit also surged due to improvements in regional and product mix and price increases, which enhanced profitability. Sales of the new construction machinery brand, Divellon, are steadily increasing.

By division, the construction machinery business recorded sales of 1.0133 trillion KRW and an operating profit of 115.8 billion KRW. Sales grew 7.8% and operating profit grew 126.6% compared to the same period last year. In particular, sales of small excavators under 10 tons and large excavators over 34 tons surged in advanced markets. Thanks to growth in the North American market, the share of advanced markets rose to 40%, up 10 percentage points from 30% a year ago. The emerging markets maintained a 53% share due to steady demand centered on resource countries. However, sales in the Chinese market decreased by 50% compared to the same period last year, reducing its sales share to 7%.

The engine division showed strong growth across various sectors including generators, industrial, vehicles, and defense. Sales increased by 21% to 300.7 billion KRW, and operating profit rose by 30% to 46.2 billion KRW. The operating profit margin also maintained a stable double-digit figure at 15.4%.

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