Jeonjin Construction Robot Reports KRW 190.7 Billion in Sales Last Year, Up 12.3% Year-on-Year

Jeonjin Construction Robot announced on March 12 that its consolidated sales for the previous year reached approximately 190.7 billion won, marking a 12.3% increase compared to the previous year.

The company posted an operating profit of about 28.7 billion won and a net profit of approximately 29.2 billion won. On a separate basis, sales amounted to around 179.8 billion won, with operating profit at about 32.3 billion won and net profit at roughly 33.6 billion won.

The growth in last year's performance was mainly driven by the global recovery in the construction industry and an increase in demand, particularly in the North American market. In addition, the expansion of demand in the Turkish reconstruction market and an increase in market share within Korea had a positive impact on sales growth.

Jeonjin Construction Robot continues to implement its shareholder return policy based on a solid performance foundation. For the previous year, the annual dividend per share amounted to a total of 1,389 won, including an interim dividend of 689 won and a year-end dividend of 700 won, which is scheduled to be confirmed at the upcoming regular general meeting of shareholders. The total dividend payout amounts to about 20.2 billion won. Last year, an interim dividend of approximately 10 billion won was distributed, and the consolidated dividend payout ratio was around 69%. In order to enhance predictability for investors, the company applies a "dividend determination before record date" policy.

As its mid- to long-term growth drivers, Jeonjin Construction Robot cited increased infrastructure investment in the United States and a recovery in residential and commercial construction, which are expected to drive equipment demand. The company also anticipates that the expansion of data center investments, fueled by the spread of artificial intelligence (AI) and cloud services, will further boost construction equipment demand. Additionally, Jeonjin Construction Robot plans to strengthen its market responsiveness and expand its sales base by broadening its product lineup and enhancing its dealer network in the North American market.

Looking ahead, reconstruction projects in Ukraine after the war and infrastructure recovery demand in the Middle East following regional conflicts are identified as additional growth factors for the construction equipment market. With large-scale recovery projects anticipated for roads, residential facilities, and energy infrastructure, a favorable environment for increased construction equipment demand is expected.

Meanwhile, Jeonjin Construction Robot is collaborating with a consortium, including Motrex, to develop the autonomous and remote-controlled concrete distribution robot D-MCR (Distribution Mobile Concrete Robot), thereby strengthening its technological competitiveness for automation and operational efficiency at construction sites.

A Jeonjin Construction Robot official stated, "We plan to maintain our mid- to long-term dividend policy alongside stable performance growth," adding, "We will strengthen our growth foundation in response to the global expansion of infrastructure investment and the increasing demand for data center construction."

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