Hyundai Rotem achieves sales of over 1 trillion won for the first quarter… Operating profit rate at 10.3% ‘highest’.

, Hyundai Rotem achieved its highest quarterly sales and operating profit in history, thanks to strong performance in defense exports.

Hyundai Rotem announced today (26th) that its consolidated operating profit in the second quarter of this year increased by 67.7% compared to the same period last year, reaching 1.128 trillion won on a preliminary basis.

Sales increased by 10.9% year-on-year to 1.945 trillion won. This is the first time the quarterly sales exceeded 1 trillion won.

Net profit increased by 91.9% to 108 billion won.

The operating profit margin reached 10.3%, marking the first time entering the 10% range in history.

Hyundai Rotem’s second-quarter operating profit and sales this year are the highest ever on a quarterly basis since its establishment in 1977.

The previous quarterly record was in the fourth quarter of last year with sales of 989.2 billion won and operating profit of 69.8 billion won.

[Photo credit: Yonhap News]