Overall Performance
Revenue: KRW 11.256T, up KRW 2.953T (35.6%↑) from KRW 8.303T in Q3 2021
Operating Profit: KRW 797B, up KRW 656B (465.2%↑) from KRW 141B in Q3 2021
In Q3, revenue and operating profit both rose year-over-year (yoy) on the back of balanced growth among the business groups and a sound profit structure.
The steady performance was led by large-scale investments in high tech and new overseas orders for the Engineering & Construction Group, along with a recovery in leisure demand and a strong performance by the Resort Group’s food distribution business.
Profit growth was driven by the Fashion Group’s imported brands and online business, in addition to the continuous growth of the company’s biopharmaceuticals subsidiary.
Meanwhile, the Engineering & Construction Group’s cumulative new orders as of Q3 stood at KRW 13.6T, or 81.4% of the annual target of KRW 16.7T.
Engineering & Construction Group
Revenue: KRW 4.19T, up KRW 1.783T (74.1%↑) from KRW 2.407T in Q3 2021
Operating Profit: KRW 324B, up KRW 454B (349.2%↑) from KRW -130B in Q3 2021
Revenue and operating profit grew yoy due to the commencement of construction on large-scale projects and an increase in new overseas orders.
Trading & Investment Group
Revenue: KRW 4.796T, up KRW 433B (9.9% ↑) from KRW 4.363T in Q3 2021
Operating Profit: KRW 59B, down KRW 23B (28.0%↓) from KRW 82B in Q3 2021
Revenue growth was led by trading and operation sites, while operating profit fell slightly amid the global economic slowdown.
Fashion Group
Revenue: KRW 471B, up KRW 96B (25.6%↑) from KRW 375B in Q3 2021
Operating Profit: KRW 29B, up KRW 12B (70.6%↑) from KRW 17B in Q3 2021
Revenue and operating profit expanded yoy due to overall improvements in the group’s businesses, led by imported brands and its online business.
Resort Group
Revenue: KRW 930B, up KRW 223B (31.5%↑) from KRW 707B in Q3 2021
Operating Profit: KRW 72B, up KRW 56B (350.0%↑) from KRW 16B in Q3 2021
Revenue and operating profit increased yoy following a recovery in leisure demand and a strong performance by the group’s food distribution business.
