HD Hyundai announced on July 31 that it recorded consolidated sales of 22.4094 trillion won and an operating profit of 4.1246 trillion won for the second quarter. This represents a 30.2% increase in sales and a 262.2% increase in operating profit compared to the same period last year.
The strong results were driven by solid performances across its key sectors, including shipbuilding, construction machinery, refining, and power equipment. For the first half of the year, the company achieved cumulative sales of 42.0113 trillion won and an operating profit of 6.9594 trillion won.
Breaking down the second-quarter results by sector, HD Korea Shipbuilding & Marine Engineering saw its sales rise by 20.2% year-on-year to 8.9270 trillion won, with operating profit increasing by 72.5% to 1.6451 trillion won, thanks to improved productivity and higher sales of high-margin vessels. The company plans to maintain its competitive edge in the high-value eco-friendly ship market and enhance profitability through a selective order strategy.
HD Hyundai Marine Solutions reported a 24.1% increase in sales to 580.4 billion won, with operating profit rising 17.6% to 97.6 billion won, driven by growth in its core businesses, including ship parts and services, eco-friendly retrofitting, and digital solutions. The company aims to strengthen its competitiveness in the high-value-added AM business and accelerate its entry into the market for power engines for data centers and floating data center retrofitting.
In the construction machinery sector, HD Hyundai Site Solutions experienced a 17.9% increase in sales to 2.5235 trillion won and a 79.6% rise in operating profit to 272 billion won, fueled by improved global market conditions, increased sales of next-generation excavators, and expanded industrial and defense engine sales. The company plans to lay the groundwork for sustainable growth through portfolio diversification and the development of eco-friendly technologies, including unmanned and electrified products.
HD Hyundai Oilbank reported sales of 9.4774 trillion won and an operating profit of 1.8241 trillion won amid external challenges such as prolonged geopolitical risks in the Middle East and increased volatility in international oil prices. The profitability of its lubricants and petrochemicals businesses improved, positively impacting overall performance. The company plans to continue introducing various alternative crude oils and flexible procurement strategies to ensure domestic energy supply stability in the second half of the year.
HD Hyundai Electric saw its sales and operating profit increase by 26% and 37.3%, respectively, to 1.1418 trillion won and 287 billion won, supported by growth in its distribution sector and improved profitability in overseas markets. The company aims to establish a sustainable growth foundation by strengthening its existing power equipment business alongside its distribution and rotating equipment sectors.
An HD Hyundai official stated, "In the second quarter, we achieved performance improvements across all business areas, solidifying our business structure. We will focus on securing profitability through the expansion of selective orders for high-value vessels, exploring new markets, and improving our product mix."
* This article has been translated by AI.
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