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Doosan Infracore's 2018 net profit rises 33 pct on increased sales

Industry 16:26 February 12, 2019

SEOUL, Feb. 12 (Yonhap) -- Doosan Infracore Co., South Korea's largest construction equipment maker by sales, said Tuesday that its net profit jumped 33 percent last year from a year earlier on robust sales.

Net profit reached 394 billion won (US$351 million) last year, up from 297 billion won a year earlier, the company said in a regulatory filing.

Operating income spiked 28.4 percent on-year to 848 billion won, and sales rose 17.7 percent to 7.73 trillion won over the cited period.

The excavator maker said increased sales in China, Southeast Asia, North America and Europe boosted its annual bottom line.

Also on Tuesday, Doosan Bobcat Inc., affiliated with Doosan Infracore, said its net profit declined 3.3 percent on-year to reach 265 billion won last year.

Its operating income surged 16.3 percent to 459 billion won over the cited period and sales jumped 17.1 percent to 3.97 trillion won.

Doosan Bobcat expects an operating income of some 446 billion won on sales of 4.21 trillion won this year.

Doosan Infracore holds a controlling 55.3-percent stake in Doosan Bobcat.

Doosan Infracore's 2018 net profit rises 33 pct on increased sales - 1

sam@yna.co.kr
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