Daehan Shipbuilding said on the 14th that, on a consolidation basis, it posted sales of 274.0 billion won and operating profit of 66.5 billion won in the third quarter this year. Compared with a year earlier, sales fell 1.5%, but operating profit jumped 118.6%.
A Daehan Shipbuilding official said, "The share of contracts for high value-added ships increased, and operating profit rose sharply as we cut expense through improved productivity and more advanced cost control."
During the period, the operating margin was 24.3%, marking a fourth straight quarter in the 20% range since the fourth quarter of last year (21.1%).
Cumulative sales were 877.7 billion won and operating profit was 198.8 billion won, keeping the operating margin at 22.6%.
Compared with the same period a year earlier (sales of 743.3 billion won, operating profit of 88.1 billion won, operating margin of 11.9%), sales increased by about 18% and operating profit by more than 125%, improving profitability.