Doosan disclosed on the 27th that its Q2 consolidated operating profit surged 37.8% year-over-year to 488.4 billion won, driven by strong performance in its Electronics BG division. Revenue grew 5% to 5.5861 trillion won, exceeding market consensus of 5.5245 trillion won in sales and 459 billion won in operating profit compiled by Yonhap Infomax from six securities firms. The South Korean conglomerate's Electronics BG achieved a quarterly record with 765.2 billion won in revenue and 212 billion won in operating profit, reflecting robust demand in AI and semiconductor markets.
Doosan Group Reports Q2 Consolidated Results
Doosan's Q2 consolidated operating profit reached 488.4 billion won, up 37.8% from the same period last year, according to preliminary figures disclosed on the 27th. Revenue totaled 5.5861 trillion won, a 5% increase year-over-year. Net income climbed 129.7% to 535.6 billion won. Both revenue and operating profit surpassed analyst expectations, with Yonhap Infomax's survey of six securities firms over the past month projecting revenue of 5.5245 trillion won (up 3.33% YoY) and operating profit of 459 billion won (up 28.27% YoY).
Electronics BG Achieves Quarterly Record Revenue
The Electronics BG division recorded its highest quarterly performance with revenue of 765.2 billion won and operating profit of 212 billion won in Q2. The division's own operations are projected to generate approximately 3.2 trillion won in revenue for the full year, supported by continued demand expansion in AI and semiconductor markets.
Doosan Enerbility Posts Q2 Revenue and Profit Growth
Doosan Enerbility reported Q2 consolidated revenue of 4.7248 trillion won and operating profit of 314.3 billion won, up 3.4% and 15.9% respectively from the prior-year quarter. The growth was attributed to expanded revenue recognition from existing order projects and strong performance in nuclear equipment sales. The company secured 7.1 trillion won in orders during the first half, including domestic and international gas turbine contracts and a Middle East gas combined-cycle project. Doosan Enerbility targets annual orders of 13.3 trillion won, supported by contracts for Czech nuclear plant construction and small modular reactor (SMR) equipment.
Doosan Bobcat Q2 Revenue Rises on Pricing Strategy
Doosan Bobcat posted Q2 revenue of 2.4479 trillion won and operating profit of 291.7 billion won. Revenue increased 11.2% year-over-year despite volume deferrals from system maintenance, driven by price increases. Operating profit grew 42.9%, boosted by U.S. tariff rebate effects. Regional sales in North America rose 3% from the prior-year period due to efficient pricing policies and expanded forklift sales. Europe, Middle East, and Africa sales grew 10%, supported by recovering demand for compact equipment and favorable exchange rate effects.
FAQ
What was Doosan's Q2 operating profit on the 27th?
Doosan disclosed Q2 consolidated operating profit of 488.4 billion won, a 37.8% increase from the same period last year.
How did Doosan's Electronics BG perform in Q2?
The Electronics BG division achieved a quarterly record with revenue of 765.2 billion won and operating profit of 212 billion won in Q2.
