Dongbu Corporation turned to a profit last year, posting an operating profit of 60.6 billion won.
According to the Financial Supervisory Service's electronic disclosure system on the 3rd, Dongbu Corporation's operating profit on a consolidation basis last year was 60.6 billion won, up from the previous year's loss of 96.9 billion won.
Revenue rose 4% to 1.7586 trillion won, and net income also swung to a profit from last year's net loss of 107.5 billion won, recording 70.6 billion won.
Dongbu Corporation said improved cost ratios significantly contributed to restoring the revenue structure. The debt ratio at the end of last year on a consolidation basis fell about 67 percentage points to about 197% from 264% at the end of the previous year, dropping below the 200% range. In addition, new orders last year reached 4.3 trillion won, achieving the highest performance since the company's founding.
Dongbu Corporation projected that revenue expansion will continue this year in privately participated public housing projects, comprehensive evaluation bid public works, urban renewal centered on Moa Town, and industrial facilities and plant sectors. It also noted that HJ Shipbuilding & Construction recently signed a maintenance, supply and repair agreement (MSRA) with the U.S. Navy, highlighting a rise in the value of the company's investment assets.