Hyundai AutoEver Q2 Operating Profit Rises 11.3% to 90.5 Billion Won, Beats Consensus

According to Yonhap Infomax, Hyundai AutoEver posted Q2 operating profit of 90.5 billion won on July 29, up 11.3% year-over-year and surpassing market consensus estimates of 86.6 billion won. Revenue increased 20% to 1.25 trillion won, while net profit rose 16.5% to 69.6 billion won, with an operating margin of 7.2%.

The enterprise IT segment, which includes systems integration and IT outsourcing services, drove overall performance. Enterprise IT revenue grew 27.9% to 1.04 trillion won, benefiting from increased cloud demand and digital transformation initiatives within the group.