HL D&I Halla 1quarterly operating profit 34% increase, order backlog of 6 trillion 2,287 hundred million
HL D&I Halla 1quarterly consolidated revenue of 3,846 hundred million won and operating profit of 190 hundred million won. The company announced that, compared with the same period a year earlier, revenue 18.4% and operating profit 34.0%; its order backlog stands at 6 trillion 2,287 hundred million won, a record high.
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HL D&I Halla 1quarterly consolidated revenue of 3,846 hundred million won and operating profit of 190 hundred million won 1 on . The announcement was filed with the Financial Supervisory Service’s electronic disclosure system. The company disclosed the figures in its filing.
Revenue rose 18.4% year on year, and operating profit rose 34.0% year on year. The company said its performance improved despite a slowdown in the real estate market and upward pressure on construction-material prices. It explained that the full-scale launch of its own housing development projects contributed to revenue growth.
The order backlog stands at 6 trillion 2,287 hundred million won, a record high. The company said the backlog provides a foundation for project execution. Senior President Hong Seok-hwa said at the regular shareholders’ meeting in 3 that the company would carefully select high-quality projects to win.
IBK Investment & Securities estimated HL D&I Halla's revenue from its own housing sales business this year at 2,517 hundred million won, and for next year at 2,790 hundred million won. The securities firm's analysis projected that expanding revenue from its own housing sales business would affect future results. The securities industry is watching the company's earnings growth.
IBK Investment & Securities put the cost ratio for its own housing sales business at 76.4% level. Hyundai Motor Securities raised its target price to 4,200 won. A company official said it would continue to strengthen selective order-taking and cost management, focusing on profitability and business stability.