Doosan Construction Reports Operating Profit of 52.6 Billion KRW in H1, Up 102% YoY

Doosan Construction announced on the 16th that it achieved sales of 788.7 billion KRW, operating profit of 52.6 billion KRW, and net profit of 28.7 billion KRW in the first half of this year (on a consolidated basis).

Sales increased by 38% compared to the same period last year due to increased sales from existing construction projects and the commencement of new projects. Operating profit also rose by 102%, from 26 billion KRW in the same period last year, thanks to selective order policies and cost improvement efforts.

With a reduction in net borrowings, the debt ratio recorded 380%, improving by 41 percentage points compared to the end of last year. Cash holdings also increased by 120% compared to the end of the previous year, reaching 212.4 billion KRW, the highest cash reserves in the past 10 years.

Doosan Construction continues to pursue selective orders considering sales performance and profitability. The company's order backlog stands at 8.3 trillion KRW, the second highest among the top 30 construction companies, recording a book-to-bill ratio of 700%.

Brand strengthening proved effective in this year’s sales market. Despite the real estate market downturn, the ‘We’ve’ apartments sold by Doosan Construction achieved a remarkable 100% sales rate across all projects nationwide.

A Doosan Construction official stated, "Since the new management takeover, management and financial indicators have turned around, and business orders and sales are also progressing successfully," adding, "We will continue to focus our capabilities to become a company that contributes to sustainable growth as well as environmental and social responsibility."

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