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Doosan Reports Strong Second-Quarter Performance Driven by Energy and Electronics Segments
Seoul, South Korea – Doosan, a global industrial conglomerate, announced its second-quarter financial results today, revealing a notable increase in operating profit and revenue. The company’s performance was significantly bolstered by improvements in its own business operations and the robust earnings of doosan Enerbility.
For the second quarter,Doosan posted an operating profit of 357.7 billion won,marking a 6.3% rise compared to the same period last year. Revenue climbed by 16.4% year-on-year to 5.34 trillion won, while net profit saw a 7.8% increase, reaching 233.3 billion won.
Doosan’s internal business segments experienced substantial year-on-year growth. The company’s own business operations saw revenue surge by 76.3% to 558.6 billion won, with operating profit jumping by an remarkable 263.2% to 142 billion won. This growth was especially driven by the electronic business group (BG), which benefited from increased sales of next-generation network materials, including copper clad laminates (CCLs) for artificial intelligence (AI) accelerators. The electronic BG reported that high-end products constituted 81% of its sales in the first half of the year, with expectations for continued growth in the latter half.
Doosan Enerbility, a key subsidiary, recorded sales of 4.55 trillion won and an operating profit of 271.1 billion won in the second quarter. While sales increased by 10.1% year-on-year, operating profit saw a decrease of 12.5%.
In a separate segment,sales increased by 33.4% and operating profit by 24%, reaching 2.761 billion won and 145.6 billion won, respectively. doosan Enerbility’s order intake for the first half of the year totaled 3.75 trillion won, a significant 98.4% increase year-on-year, largely attributed to overseas gas power project orders. The company’s order backlog stood at 16.11 trillion won at the end of the first half, an increase of approximately 1.3 trillion won from the previous year.
Doosan Bobcat, another subsidiary, reported second-quarter sales of 2.22 trillion won and an operating profit of 24.2 billion won. Sales decreased by 1.6% year-on-year, and operating profit fell by 14.8%, attributed to an economic slowdown in advanced markets and tariff uncertainties. despite these challenges, doosan Bobcat has seen its operating profit increase for three consecutive quarters as the fourth quarter of last year.
Report is KakaoTalk OKJEBO
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July 25, 20
