HJ Shipbuilding & Construction posts 65.9 billion won Q3 operating profit
Operating profit for HJ Shipbuilding & Construction(097230) in the third quarter of this year (July–September) came to 65.9 billion won. Improved profitability in the shipbuilding institutional sector drove the result. HJ Shipbuilding & Construction said on the 13th that, on a consolidated basis, third-quarter revenue was 733.1 billion won, operating profit was 65.9 billion won, ...
HJ Shipbuilding & Construction reported a Q3 operating profit of 65.9 billion won, bolstered by improved profitability in the shipbuilding sector. For the quarter, revenue reached 733.1 billion won, marking a 62.1% increase year-over-year. Operating profit soared 1,039.1%, while net profit grew 980.3%. Year-to-date, cumulative revenue stood at 2.0044 trillion won, with operating and net profits at 155.4 billion and 130.6 billion won, respectively.
Like a 46.3% year-over-year revenue surge, operating profit and net profit each jumped 837.1% and 4,432.7%, respectively. The shipbuilding institutional sector drove the gains, with revenue and operating profit for January–September totaling 1.1297 trillion won and 149.7 billion won, respectively. Specialty projects, including high-value container ships and U.S. Navy MRO, fueled the revenue surge.
The construction sector, however, remained steady with 874.2 billion won in revenue and 5.6 billion won in operating profit, attributed to public works, civil engineering, and housing projects. An HJ Shipbuilding & Construction spokesperson pledged to strengthen competitiveness across both sectors while focusing on profitability, vowing to enhance corporate and shareholder value.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.