HL Mando announced on July 30 that its revenue for the second quarter reached 2.4953 trillion won, a 3.9% increase from 2.4009 trillion won in the same period last year. This marks the highest quarterly revenue in the company's history.
Operating profit also rose to 1.070 billion won, up 2.8% from 1.041 billion won during the same timeframe. Net profit saw a significant increase, soaring 493.9% from 99 billion won to 588 billion won.
Despite rising semiconductor and raw material prices, analysts attribute the company's profitability to increased sales in emerging markets, expanded contributions from Europe, and various recovery activities.
The cumulative order amount for the year stands at 5.8 trillion won, achieving 44% of the annual target. Of this, 3.1 trillion won was secured in the second quarter, including contracts for parts for new vehicles from Hyundai Motor and Kia, as well as projects from local OEMs in North America, China, and India.
* This article has been translated by AI.
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