Doosan Corp. Reports 72% Increase in Q1 Operating Profit Driven by Nuclear and Gas Turbine Sales

Doosan Corp. reported first-quarter sales of 5.06 trillion won ($3.43 billion), marking a 17.7% increase year-over-year. Operating profit surged to 340.8 billion won ($231 million), resulting in an operating margin of 6.7%.

Doosan Enerbility, a major affiliate, contributed sales of 4.26 trillion won ($2.89 billion) and operating profit of 233.5 billion won ($158 million), driven by increased demand for nuclear equipment and gas turbines. Orders rose to 2.79 trillion won ($1.89 billion), a 61.8% increase, with a backlog of 24.13 trillion won ($16.34 billion).

The company anticipates securing additional orders up to 13.3 trillion won ($9 billion) by year's end. Continued growth is expected from the North American data center market and nuclear operations.