Doosan Construction Surpasses 1 Trillion Won in Sales for the First Time in 10 Years in H1

Expecting 10 Trillion KRW Increase in Order Backlog in Second Half
Data-Driven Selection of High-Quality Projects for Orders

Doosan Construction announced on the 19th that its consolidated sales for the first half of this year reached 1.1438 trillion KRW, a 45% increase compared to the same period last year. This is the first time in 10 years since 2014 that first-half sales have surpassed 1 trillion KRW.

Doosan Construction CI / Image courtesy of Doosan Construction

Operating profit increased from 52.6 billion KRW in the first half of last year to 53.6 billion KRW in the first half of this year. Net profit also rose from 28.7 billion KRW to 33.3 billion KRW during the same period. New orders in the first half amounted to 1.0096 trillion KRW, and the order backlog was approximately 9 trillion KRW. Doosan Construction expects the order backlog to expand to about 10 trillion KRW in the second half of the year.

Doosan Construction explained that, along with selective order acquisition, it is utilizing various data such as statistical analysis of existing buyers for sales marketing. Thanks to these efforts, 'Doosan We’ve the Zenith Central Gyeyang' achieved 100% sales completion within 24 days based on formal contracts in February. In May, 'Doosan We’ve the Zenith Central Yongin' completed sales within 39 days based on formal contracts.

As of the first half, Doosan Construction’s contingent liabilities stood at 817.2 billion KRW, about 71% of sales. Most of these contingent liabilities arose from projects that have completed sales or guarantees for project loans of associations, and Doosan Construction stated that they are being managed at the industry’s lowest level. Cash assets also reached a record high of 313.7 billion KRW, exceeding total borrowings (258.8 billion KRW).

A Doosan Construction official said, "We expect sales and operating profit to expand as we continue successful sales results through high-quality project orders based on data. Through a virtuous cycle structure and transparent management, we will pursue not only external growth but also sound management."

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