IPARK Hyundai Industrial Development announced on July 23 that its consolidated operating profit for the second quarter of this year reached 122.7 billion won, marking a 52.9% increase compared to the same period last year.
During the same period, the company reported sales of 914.6 billion won, a decrease of 21.4% from the previous year. Net income rose to 83.7 billion won, up 58.9%.
For the first half of the year, total sales amounted to 1.5886 trillion won, a decline of 23.2% year-on-year. However, operating profit increased by 51.1% to 202.9 billion won, while net income grew by 24.4% to 133 billion won.
IPARK Hyundai Industrial Development stated, "The significant improvement in profitability was driven by cost rate improvements and a portfolio focused on high-margin self-developed projects and quality large-scale sites. We aim to maintain stable operating profit margins and continue qualitative growth centered on profitability in the second half of the year, reflecting the performance of our self-developed projects, including Seoul One IPARK and Cheonan IPARK City."
* This article has been translated by AI.
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