HJ Heavy Industries, 3rd quarter cumulative operating profit of 155.4 billion won... 8 times increase compared to last year

HJ Heavy Industries' accumulated operating profit increased significantly in the third quarter of this year thanks to improved performance in the shipbuilding division and stable business operations in the construction division.

HJ Heavy Industries announced on the 13th that it achieved sales of 2.044 trillion won, operating profit of 155.4 billion won, and net profit of 130.6 billion won based on consolidated financial statements in the third quarter of this year through public disclosure.

This is an increase of 46.3% in sales, more than 8 times more in operating profit, and more than 44 times more than 44 times in net profit compared to the cumulative sales of 1.37 trillion won, operating profit of 16.6 billion won, and net profit of 2.9 billion won in the third quarter of last year.

This performance improvement was led by improved profitability in the shipbuilding division, which carries out merchant and special ship businesses.

In the flagship merchant ship business, sales and profitability improved as the construction process for eco-friendly, high value-added container ships began in earnest.

HJ Heavy Industries reported that stable profit generation continued in special ship businesses such as the U.S. Navy MRO (maintenance, repair, and overhaul) business, supporting strong performance.

The cumulative sales of the shipbuilding division in the third quarter were KRW 1.1297 trillion, an 88.1% increase from the same period last year (KRW 605 billion).

Operating profit recorded 149.7 billion won.

The construction sector also maintained a stable business base centered on key businesses such as public works, civil engineering, and housing, and continued to maintain a surplus.

Cumulative sales in the third quarter were 874.2 billion won and operating profit was 5.6 billion won.

An official from HJ Heavy Industries said, "The proportion of high-value-added ship sales in the shipbuilding division has expanded, the profitability of various special ship businesses has increased, and stable orders in the construction division have supported the strong performance. We will strengthen the competitiveness of our two major business divisions and continue our growth through profitability-oriented management, while striving to improve corporate value and shareholder value."