[Infostock Daily=Reporter Lee Ji-sun] Daewoo Engineering & Construction announced on the 28th that its annual management performance last year recorded sales of 8.1367 trillion won and operating profit of 558.3 billion won.
New orders reached 13.9126 trillion won. Sales fell about 5.95% from the previous year, while operating profit increased 53.3% from the previous year.
In particular, operating profit in the fourth quarter of last year reached 253.3 billion won, up more than 465 percent from the same period last year (44.8 billion won), achieving an "earning surprise"that surpassed market expectations.
Operating profit ratio was 6.9%, the highest in the last five years. Sales fell short of the plan set up at the beginning of the year, but the company cited COVID-19 as the cause.
On the other hand, the company explained that it has achieved performance by selling homes and reducing losses in overseas businesses.
In terms of sales composition by business division, sales of 5.831 trillion won in the housing construction business, 1.4827 trillion won in the civil engineering business, 1.928 trillion won in the plant business, and THT development project in Hanoi, Vietnam are 478.1 billion won.
Reporter Lee Ji-sun stockmk2020@gmail.com