HD Hyundai Surpasses 4 Trillion Won in Q2 Operating Profit... Shipbuilding and Refining Drive Results

Sales Reach 22.4094 Trillion Won
Operating Profit Hits 4.1246 Trillion Won
High-Margin Ship Sales and Lubricants Profitability Drive Growth

HD Hyundai achieved record-breaking second quarter results this year, driven by balanced growth across all its business sectors, including shipbuilding, construction equipment, energy, and power equipment.

According to a disclosure on July 31, HD Hyundai reported consolidated second-quarter sales of 22.4094 trillion won and operating profit of 4.1246 trillion won. Compared to the same period last year, sales increased by 30.2%, and operating profit surged by 262.2%. For the cumulative first half of the year, sales reached 42.0113 trillion won, with operating profit of 6.9594 trillion won.

HD Korea Shipbuilding & Offshore Engineering, in the shipbuilding and offshore division, posted sales of 8.9270 trillion won and operating profit of 1.6451 trillion won, thanks to improved productivity and an increase in high-margin ship sales. These figures represent year-on-year growth of 20.2% and 72.5%, respectively.

HD Hyundai Marine Solution recorded sales of 580.4 billion won and operating profit of 97.6 billion won, backed by growth in after-market (AM) ship part and service business, eco-friendly retrofitting, and digital solutions. These results are up by 24.1% and 17.6%, respectively, from a year earlier.

HD Hyundai Site Solution, in the construction equipment sector, achieved sales of 2.5235 trillion won and operating profit of 272.0 billion won, driven by global market recovery, expanded sales of next-generation excavators, and an increase in industrial and defense engine sales. These represent year-on-year increases of 17.9% in sales and 79.6% in operating profit.

HD Hyundai Oilbank reported sales of 9.4774 trillion won and operating profit of 1.8241 trillion won, as profitability improved in the lubricants and petrochemical segments despite elevated oil price volatility and supply-demand instability caused by Middle Eastern geopolitical risks.

HD Hyundai Electric recorded sales of 1.1418 trillion won and operating profit of 287.0 billion won, supported by expanding sales in the power distribution segment and improved profitability in overseas markets. These figures are up by 26% and 37.3%, respectively, from the previous year.

An HD Hyundai representative stated, "In the second quarter, we achieved performance improvements across all business sectors, including shipbuilding, construction equipment, refining, and power equipment, further strengthening the stability of our business structure. We will focus on securing profitability through selective, high-value ship orders, exploring new markets, and improving our product mix."

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