Dongbu Construction, H1 Sales Reach 847.8 Billion KRW... 60% Increase YoY

Dongbu Construction announced on the 17th that its sales in the first half of this year reached 847.8 billion KRW, an increase of about 60% compared to the same period last year (609.4 billion KRW). Its ranking in the construction capability evaluation also rose by one position from last year, reaching 22nd place.

Dongbu Construction Building, Yeoksam-dong, Gangnam-gu, Seoul / Photo by Dongbu Construction

Dongbu Construction explained that securing abundant orders was the driving force. Having ranked first in technology-based bidding and second in public construction orders last year, Dongbu Construction achieved approximately 1 trillion KRW in orders in the first half of this year alone. Considering that public construction orders are concentrated in the second half of the year, the order volume is expected to increase further.

Overseas projects are also gaining momentum. In March, Dongbu Construction won a 60 billion KRW road construction contract in Vietnam, followed by securing a bridge construction and road expansion project worth about 500 billion KRW in El Salvador. As a result, the order backlog for the first half of the year reached approximately 8.7 trillion KRW.

Dongbu Construction plans to continue its growth by focusing on profitability-oriented order strategies in the second half of the year. Based on proactive pre-sales activities, the company aims to discover new projects and overcome the downturn by diversifying orders and focusing on high-quality projects with excellent cost ratios.

Additionally, in the industrial plant sector, which has been a key focus since last year, Dongbu Construction plans to strengthen its competitiveness in the high-tech plant field through specialized personnel and continuously increase its order volume.

A Dongbu Construction official stated, "Based on a substantial order backlog, we are securing a stable sales structure and focusing on strengthening profitability through sound management. Despite the prolonged downturn in the construction market, we will achieve improved performance in the second half through enhanced management efficiency."

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