Hanwha Systems announced that it recorded sales of 1.1176 trillion won and an operating profit of 103.7 billion won in the second quarter, marking increases of 45% and 219%, respectively, compared to the same period last year.
The company also reported a net profit of 52.7 billion won for the second quarter, a 14% increase from the previous year, continuing its growth in sales, operating profit, and net income.
In the defense sector, major export projects such as the K2 tank sights and fire control systems for Poland, and the Cheongung-II multifunction radar for the United Arab Emirates and Saudi Arabia, along with key domestic projects like the Batch-III combat management system for the Ulsan-class next-generation frigate and the AESA radar and electronic warfare equipment for the Korean fighter jet (KF-21), contributed significantly to the performance.
The ICT sector supported stable results through projects like the next-generation system for Hanwha Life, the enterprise resource planning system for Hanwha Heavy Industries, and the smart plant construction for Hanwha Aerospace.
As of the second quarter, the company’s order backlog totaled 11.2959 trillion won.
Hanwha Systems plans to continue its stable growth by expanding its export portfolio and securing major domestic contracts.
A company representative stated, "Stable revenue from large-scale export projects and key domestic production initiatives have driven our performance improvement. We aim to establish a sustainable growth foundation through overseas market development and strengthening core technological capabilities."
* This article has been translated by AI.
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