Doosan Construction "First Half Order Amount Surpasses 1 Trillion Won... 57% Increase Compared to Previous Year"

Doosan Construction announced on the 1st that its order amount in the first half of this year surpassed 1 trillion KRW.

Perspective view of Ganghwa District 2 Housing Cooperative / Image courtesy of Doosan Construction

In June, Doosan Construction secured projects from Gumi Jungang Forest Regional Housing Association (378.4 billion KRW) and Ganghwa 2 Regional Housing Association (312.7 billion KRW), achieving a total order amount of 1.0096 trillion KRW. This represents a 57% increase compared to the first half of last year (642.5 billion KRW). By division, the Building Business Headquarters recorded 782.1 billion KRW, and the Civil Engineering Business Headquarters recorded 227.5 billion KRW.

Doosan Construction explained that it utilizes various data for selective order acquisition considering sales performance and profitability, undergoing multiple stages of order review. At each stage, related departments freely express their opinions to review projects from diverse perspectives, thereby composing a portfolio focused on urban renewal projects with lower business risks and simple subcontracting works.

Additionally, various data such as statistical analysis of buyers are being used in sales marketing. In February, 'Doosan We’ve the Zenith Central Gyeyang' achieved 100% sales completion within 24 days based on official contracts, and in May, 'Doosan We’ve the Zenith Central Yongin' achieved 100% sales completion within 39 days based on official contracts.

Doosan Construction emphasized that it is free from contingent liability risks. As of the first quarter of this year, Doosan Construction’s total contingent liabilities are at 46% of last year’s sales, and excluding projects where sales have been completed, the amount is around 170 billion KRW.

A Doosan Construction official stated, "The current order backlog is 9.1 trillion KRW, and it is expected to expand to around 10 trillion KRW in the second half of the year." He added, "As the progress rate of projects with completed sales rises significantly, future sales and operating profits are expected to improve." He continued, "We identify risks and take proactive measures through data-driven management activities," adding, "The risk related to contingent liabilities is also managed at the lowest level in the industry."

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