Doosan Corporation’s second-quarter financial results revealed a complex picture, reflecting both the challenges and opportunities facing the conglomerate. While overall sales decreased due to softened demand in North America and record-high results from the previous year, the company achieved significant gains in specific high-value sectors.
Total revenue for the quarter stood at ₩45,922 billion (US$33.2 billion), a 7.6% decline from the same period last year. The decline in sales was attributed to a slowdown in North American demand and the previous year’s exceptional performance. Operating profit fell by 34.2% to ₩3,367 billion (US$2.43 billion), driven by increased promotional expenses and subdued market conditions. Net income saw a raise of 24.2% to ₩2,163 billion (US$1,56 billion).
Doosan’s investment in high-margin sectors such as nuclear and gas turbines paid off. The company reported significant order growth in these areas, with a cumulative total of ₩2.5 trillion (US$1.96 billion) in orders by July. The expansion of high-end materials and semiconductor markets further contributed to a positive outlook for the second half of the year, with the company expecting substantial sales growth from AI accelerators and advanced semiconductor materials.
