Dongbu Corporation Reports Profit Growth with Revenue Increase and Reduced Debt Ratio
Dongbu Corporation reported a significant turnaround in its financial performance, posting an operating profit of 60.6 billion won and net income of 70.6 billion won, following substantial losses the previous year. Revenue rose by 4% to 1.7586 trillion won, while the company's debt ratio decreased to 197%, falling below the 200% threshold. The corporation anticipates continued growth through various public housing and infrastructure projects, alongside a strategic agreement with the U.S. Navy by HJ Shipbuilding & Construction.
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Dongbu Corporation posted an operating profit of 60.6 billion won for the last year, recovering from a loss of 96.9 billion won the previous year. Revenue increased by 4% to 1.7586 trillion won, with net income rising to 70.6 billion won from a net loss of 107.5 billion won.
The company's debt ratio fell significantly by 67 percentage points to approximately 197%, down from 264%, marking a drop below the 200% threshold. New orders reached a record 4.3 trillion won, the highest in the company's history.
Dongbu Corporation anticipates continued revenue growth in 2025 through various public housing projects, public works, urban renewal, and industrial facilities. Additionally, HJ Shipbuilding & Construction signed a maintenance, supply, and repair agreement with the U.S. Navy, enhancing the company's investment asset value.
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