GS Engineering & Construction’s Operating Profit Surged 53% Last Year to 437.8 Billion Won

GS Engineering & Construction announced on the 6th that its operating profit last year was tentatively estimated at 437.8 billion won, up 53.1% from the previous year. During the same period, revenue fell 3.2% year-on-year to 12.4504 trillion won.

New orders last year came to 19.2073 trillion won, exceeding the guidance of 14.3 trillion won by 34.3%.

By business division, the Plant Business Division showed growth of 88.1%, with revenue rising from 701.7 billion won in 2024 to 1.3201 trillion won, and the Infrastructure Business Division also increased 26.7%, from 1.1535 trillion won to 1.4614 trillion won. In contrast, revenue at the Architecture and Housing Business Division fell 18.1%, from 9.511 trillion won in the previous year to 7.7869 trillion won.

Last year’s new orders in the Architecture and Housing Business Division included the Bongcheon District 14 Housing Redevelopment and Maintenance Project (627.5 billion won), the Western Ssangmun Station Urban Public Housing Complex Project (583.6 billion won), and the Gwangmyeong Siheung and Siheung Geomo Public Housing Project (S1-11, S2-2, A-1) (389.3 billion won). In the Infrastructure Business Division, they included the Busan New Port–Gimhae Expressway Construction Project (Section 2) (192.3 billion won). Overseas modular housing subsidiary Danwood also secured cumulative orders of 644.9 billion won last year.

GS Engineering & Construction has set this year’s management targets at 11.5 trillion won in revenue and 17.8 trillion won in new orders.

GS Engineering & Construction stated, “This year will be an important turning point in which we further solidify the fundamentals of the construction industry, namely quality and safety, and complete our future capabilities,” adding, “We will establish a foundation for sustainable growth through a strategy of selection and concentration.”

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