Increase in revenue through expanding business division volume,
Provided by Hyundai Glovis,
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, ‘[Herald Economy=Reporter Yang Daegun] Hyundai Glovis announced on the 25th that it recorded an operating profit of 439.3 billion won in the second quarter on a consolidated basis, up 6.5% year-on-year. This represents a 6.5% increase compared to the same period last year.’,
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, ‘In the second quarter, sales and net profit were reported at 7.643 trillion won and 313 billion won, respectively, up by 8.1% and 7.7% compared to the previous year. Also, compared to the first quarter, sales increased by 7.3% and operating profit increased by 14.2%.’,
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, ‘It is evaluated that the company has been accelerating its efforts to secure profitability this year. A Hyundai Glovis official stated, “Despite external variables such as global economic downturn, logistics industry conditions, and exchange rates continuing in the second quarter, we were able to improve profitability through efforts by all employees to expand business volume and increase revenue.”‘,
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, ‘By business sector, sales in the logistics business reached 24.344 trillion won and operating profit 2.027 trillion won. Sales increased by 7.8% year-on-year, attributed to an increase in overseas finished car inland transportation volume and overseas logistics non-consolidated volume.’,
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, ‘In the shipping sector, it recorded sales of 12.878 trillion won and operating profit of 785 billion won. This represents an increase of 22.3% and 6.2% respectively from the previous year. It is evaluated that the adjustment of ocean freight rates for finished car transportation and an increase in high freight non-consolidated volume had a significant impact.’,
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, ‘The distribution business saw sales of 3.422 trillion won and operating profit of 158.1 billion won. Operating profit increased by 33.1% compared to the previous year due to the impact of exchange rates and volume growth.’,
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, ‘Hyundai Glovis plans to implement a strategy in the second half of the year to improve both appearance and profitability and achieve its annual goals. The company will focus on realizing its medium- to long-term growth strategy announced at the recent ‘CEO Investor Day.”,
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, ‘By 2030, Hyundai Glovis aims to execute large-scale investments of over 9 trillion won over the next 6 years to achieve an annual revenue of over 40 trillion won and an operating profit margin of around 7%.’,
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, ‘A Hyundai Glovis official explained, “Based on the medium- to long-term growth strategy and improved shareholder return policy, we will continue to do our best to increase corporate value.”‘,
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