Business · Companies · 1 hr ago
HJ Heavy Industries' operating profit rose more than eightfold through September
HJ Heavy Industries reported 155.4 billion won in operating profit for the first three quarters of 2026.
The South Korean company also recorded 2.0044 trillion won in revenue and 130.6 billion won in net profit.
Compared with the same period a year earlier, operating profit rose more than eightfold, while revenue increased 46.3%.
Improved shipbuilding profitability led the gains, helped by work on higher-value container ships and maintenance contracts for the US Navy.
The shipbuilding division made 149.7 billion won in operating profit, while the construction division remained profitable with 5.6 billion won.
HJ Heavy Industries said it plans to strengthen both businesses and focus on profitability and shareholder value.
HJ Heavy Industries reported operating profit of 155.4 billion won for the first nine months of the year, more than eight times the amount a year earlier.
Revenue rose 46.3 percent to 2.0044 trillion won, while net profit climbed more than 44 times to 130.6 billion won.
Improved profitability in the shipbuilding division drove the gains, the company said.
The construction division also remained profitable, recording operating profit of 5.6 billion won.
- Who
- HJ Heavy Industries.
- What
- It reported cumulative operating profit of 155.4 billion won through the third quarter, more than eight times the year-earlier figure.
- When
- The results were announced on Nov. 13, covering the first nine months of the year.
- Where
- Not stated.
- Why
- Higher profitability in shipbuilding, including commercial and special-purpose vessels, led the improvement; the construction division also contributed.
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- Cumulative operating profit
- 155.4 billion won
- Cumulative revenue
- 2.0044 trillion won
- Cumulative net profit
- 130.6 billion won
- Shipbuilding division operating profit
- 149.7 billion won
- Construction division operating profit
- 5.6 billion won
What people are saying
The share of sales from high-value-added ships in the shipbuilding division expanded, profitability in various special-purpose ship projects improved, and stable orders in the construction division supported strong results
We will strengthen the competitiveness of both business divisions and continue growth through profitability-focused management, while working to enhance corporate and shareholder value