Hyundai Engineering & Construction said on the 31st that it posted 6.8423 trillion won in sales and 261.8 billion won in operating profit in the second quarter on a consolidation basis this year.
Sales fell 11.4% from 7.7207 trillion won in the second quarter of last year. Operating profit rose 20.6% from 217 billion won in the same period last year.
Cumulative first-half sales were 13.1236 trillion won, down 13.5% from a year earlier, while operating profit was 442.7 billion won, up 2.8%.
First-half orders came to 22.823 trillion won, up 36.4% from a year earlier, helped by a U.S. electric arc furnace steel mill and the Bokjeong Station area mixed-use development project.
The order backlog reached 103.9831 trillion won, surpassing 100 trillion won for the first time since the company was founded. It is equivalent to about 3.8 years of work.
Hyundai Engineering & Construction said improved cost ratios in the dwellings institutional sector and a higher share of revenue-focused projects boosted operating profit.
Cash and cash equivalents stood at 3.8646 trillion won. The liability ratio was 155.2%, and the current ratio was 148.2%.
A Hyundai Engineering & Construction official said, "In the second half, we will continue to win revenue-focused project orders and expand business opportunities in new growth areas such as large nuclear power plants, Small Modular Reactor (SMR), solar power, data centers, and offshore wind."