HD Hyundai Infracore announced on the 23rd that it recorded 1.1846 trillion won in sales and 105.8 billion won in operating profit for the second quarter of this year.
Sales increased by 6.9% compared to the same period last year, while operating profit rose by 29.8%. Net profit was 27.5 billion won, a decrease of 56.4%.
By business division, sales in the construction equipment sector totaled 857.4 billion won, an increase of 9% compared to the same period last year. This improvement in revenue resulted from HD Hyundai Infracore expanding sales of large equipment, particularly in Southeast Asia, Africa, and Latin America.
Sales in the Chinese market are also showing signs of recovery, influenced by the Chinese government's expansion of infrastructure investment and equipment replacement cycles. North America and Europe also saw a slight increase in sales due to improved demand following interest rate cuts.
Sales in the engine business increased by 2% to 327.1 billion won compared to the same period last year. Operating profit was reported at 67.2 billion won, an increase of 32%, driven by rising power demand and increased sales of carbon reduction product lines.
In particular, a portfolio centered on high-margin products led to an increase in operating profit in the engine business. Sales grew for generator engines and eco-friendly ship engines, supported by stable demand for defense engines.
A representative of HD Hyundai Infracore noted, "Proactive response strategies have led to improved results," adding, "In the second half, we will closely monitor market conditions and focus on selling high-value products while targeting key markets to continue our growth."