Taeyoung Construction, Q3 Operating Profit 97.7 Billion Won... Up 311% YoY
Cumulative Operating Profit of 97.7 Billion KRW in Q1-Q3... Up 311% Year-on-Year
Taeyoung Construction announced on the 14th that its cumulative operating profit for the first to third quarters of this year on a consolidated basis reached 97.7 billion KRW, a 311% increase compared to the same period last year.
During the same period, sales increased by 32% to 2.3891 trillion KRW. Net profit rose by 195% to 76.3 billion KRW.
Taeyoung Construction explained that the improved performance was due to the completion of its own projects and the full-scale operation of subsidiary companies' projects.
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A Taeyoung Construction representative stated, "Despite adverse factors such as rising raw material prices and high interest rates, we are focusing on strengthening our finances to respond to potential liquidity issues in the future," adding, "We are selectively securing orders centered on high-quality projects without PF loans."
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