Doosan's operating profit for the third quarter of this year nearly doubled compared to the same period last year, driven by strong performance in its electronics business due to expanded investments in artificial intelligence (AI) infrastructure.
On November 9, Doosan announced that its consolidated revenue for the third quarter reached 5.4269 trillion won, with an operating profit of 459.4 billion won. This marks a 22.2% increase in revenue and a 98.4% increase in operating profit compared to the same period last year.
Doosan's standalone business reported revenue of 892.2 billion won and an operating profit of 237.9 billion won, reflecting growth of 70.2% and 119.6%, respectively, year-on-year. Notably, the electronics division achieved its highest quarterly revenue ever at 802 billion won, fueled by increased sales of AI accelerators, memory products, and optical modules due to the global expansion of AI infrastructure investment.
Looking ahead, Doosan anticipates continued growth in the fourth quarter, particularly in the electronics division, projecting that its standalone annual revenue will exceed 3.2 trillion won.
Major subsidiaries also reported improved performance. Doosan Enerbility recorded third-quarter revenue of 4.4494 trillion won and an operating profit of 261.2 billion won, representing increases of 14.7% and 90.6%, respectively, compared to the previous year. The cumulative order amount for the third quarter reached 9.999 trillion won, including significant contracts for the Oman Misfa gas combined cycle power plant, key equipment for TerraPower's small modular reactor (SMR), the Hadong combined cycle power plant, and the Omon 3 gas combined cycle power plant in Vietnam.
Doosan Bobcat also saw sales growth across all regions and product lines, achieving revenue of 2.4635 trillion won and an operating profit of 167.4 billion won, up 16.5% and 25.3%, respectively, year-on-year. Revenue by product increased by 15% for small equipment, 8% for industrial vehicles, and 5% for portable power, while regional growth included 15% in North America, 14% in Asia, Latin America, and Oceania (ALAO), and 3% in Europe, the Middle East, and Africa (EMEA).
* This article has been translated by AI.
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