Hanjin Reports Q2 Operating Profit of 28.7 Billion Won, Down 22.4% Year-on-Year

Second-Quarter Sales Reach 847.8 Billion Won, Up 14.4%

Hanjin continued to deliver double-digit sales growth, supported by increased parcel volume, but profitability weakened due to expanded investment and the impact of external factors.

According to the Financial Supervisory Service's electronic disclosure system on July 9, Hanjin posted consolidated provisional sales of 847.8 billion won and operating profit of 28.7 billion won in the second quarter of this year. While sales rose by 14.4% compared to the same period last year, operating profit fell by 22.4%.

Exterior of Hanjin Building, Jung-gu, Seoul.

For the first half of the year, cumulative sales reached 1.6268 trillion won, up 10.7% year-on-year, while operating profit decreased by 24.6% to 48.5 billion won.

Hanjin explained that fluctuations in stevedoring volume due to global supply chain instability, increased fixed costs from building global infrastructure, and intensified e-commerce competition contributed to the decline in operating profit.

Hanjin plans to continue investing in smart logistics and automation, focusing on strengthening its mid- to long-term competitiveness.

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