[Alpha Biz=(Chicago) Reporter Paul Lee] DL E&C's consolidated operating profit plunged to half last year compared to the previous year. Major performance indicators such as sales and net profit during the term were all sluggish.
DL E&C tentatively estimated on the 3rd that last year's sales fell 1.77% year-on-year to 7.4968 trillion won. Operating profit was KRW 496.3 billion, down 48.15% from KRW 957.2 billion a year earlier, halved. Net profit also grew 34.66% from 635.8 billion won in 2021 to 378.7 billion won last year.
DL E&C, which has a large proportion of housing supply sales, is believed to have been hit directly by a rise in construction raw material prices. The company explained that the worsening profitability in accounting seems to have expanded due to conservative cost ratios. D
New orders have increased. New orders rose 12.8 percent year-on-year to 11.894 trillion won last year. In particular, the housing sector achieved 6.3285 trillion won in orders, up 45 percent from a year earlier.
DL E&C has set a consolidated sales target of 8.2 trillion won and new orders of 14.4 trillion won this year. The figure is up 9.4 percent and 21.1 percent, respectively, from last year's performance.
Alphabiz Reporter Paul Lee(hoondork@alphabiz.co.kr)
