[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.

 

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