Hyundai Engineering & Constructions profit is soaring in this 3rd quarter of 2010. With performance went up in this 3rd quarter as the sales and operating profit, tentatively tallied on October 22, 2010 rose to 2.2741 trillion won and 176.1 billion won respectively, remaining on an uptrend in the second half of this year. Notably, 3rd-quarter operating profit was significantly up by 40.4 percent compared with the year-earlier quarter, which clearly indicates how well the company manages risks amid global financial crisis.
New orders in the 3rd quarter also increased to 5.4945 trillion won, and total new orders for this year reached 16.1888 trillion own so far. The figure was a 33 % increase from the same period a year earlier and passed the last year’s orders of 15.6996 trillion own. The company expects that given projects currently under construction, they can achieve their outlook for orders for the entire year of more than 20 trillion won.
Stronger sales were thanks mainly to the profit-oriented strategies the company has implemented since CEO Kim Joong-kyum took office to win contracts and make inroads into new markets. Hyundai Engineering & Construction could enjoy a five-year order backlog of about 55.7625 trillion won, expecting its performance to remain stable, the company’s official said.
“In celebration for this hi performance quarter, Our company will sponsor an event of “2010 cultural playground” in (Han River park) Hangang Park TTukseom area for 15 days from October 2 insider said. The event, organized by the Seoul Foundation Arts and Culture as part of Hi Seoul Festival, featured “funny urban maze”- themed playgrounds which have been developed in several contests. Charming decorations and funny games of the event booth satisfied curiosity of visitors, and play programs were provided free of charge during weekends, attracting many people. What is notable this year is that part of profits from the play programs was donated to the foundation.
“Building a booth in the open area is of great significance, given that the outdoor booth could increase the access of participants to the event this year,” an official said. “We could successfully complete the event, helped by ardent support from Seoul citizens.”