HDC Hyundai Development Company announced on the 25th the preliminary results for the second quarter of this year, reporting revenue of 1.1632 trillion won, operating profit of 80.3 billion won, and net profit of 52.7 billion won. Compared to the same period last year, revenue, operating profit, and net profit increased by 7.0%, 49.1%, and 11.2%, respectively.
HDC Hyundai Development Company analyzed that it has shown a stable recovery in performance due to the significant revenue reflection of major in-house projects, such as the Seoul One I-Park and Cheongju Gagyeong I-Park Phase 6, as well as improvements in cost rates. In the second half of the year, large projects such as the Paju Medical Cluster and Cheonan I-Park City are set to begin construction sequentially, and as revenue reflection becomes more pronounced, the upward trend in performance is expected to continue.
HDC Hyundai Development Company has been actively pursuing urban maintenance project orders this year. In March, it recorded orders for the Gangwon Wonju Stage 1 Reconstruction at 436.9 billion won, Busan Gwang-an District 4 Redevelopment at 419.6 billion won, Busan Yeonsan District 10 Redevelopment at 445.3 billion won, Yongsan Maintenance Factory Front District 1 at 924.4 billion won, Mia 9-2 Reconstruction at 298.8 billion won, and Sindang District 10 Redevelopment at 302.2 billion won, bringing the total order amount to 2.8272 trillion won, closing in on the '3 trillion club.'
If it secures the order for the Bangbae Sin Samho Reconstruction Project, where a general meeting for the selection of the construction company is scheduled for the 26th, the cumulative order amount will surpass 3 trillion won.
A representative of HDC Hyundai Development Company noted, "In the company bond demand forecast conducted last month, we recorded orders surpassing the offer amount with 232 billion won, once again proving the high trust of the market," and added, "Based on a stable financial structure and market trust, we will reduce the proportion of borrowing funds and strengthen cash flow-based capital operation, while also expediting the securing of long-term liquidity."