Doosan Corp. said Monday that it recorded consolidated revenue of 5.4269 trillion won and an operating profit of 459.4 billion won for the third quarter of this year. Revenue increased by 22.2% and operating profit rose by 98.4% compared to the same period last year.
The growth in Doosan's core business was notable. Third-quarter revenue reached 892.2 billion won, and operating profit hit 237.9 billion won, up 70.2% and 119.6%, respectively, from the same period last year. In particular, the Electronics Business Group (BG) posted record-high quarterly results with revenue of 802 billion won.
This was driven by increased sales of key products used in AI accelerators, memory, and optical modules, as global investment in artificial intelligence (AI) infrastructure expanded.
Doosan forecast that its growth momentum would continue into the fourth quarter, centered on the Electronics BG. Accordingly, it projected that annual revenue for its core business would exceed 3.2 trillion won.
The performance of major affiliates also improved. Doosan Enerbility recorded consolidated revenue of 4.4494 trillion won and an operating profit of 261.2 billion won in the third quarter. These figures represented year-on-year increases of 14.7% and 90.6%, respectively.
Cumulative orders through the third quarter of this year totaled 9.999 trillion won. Key order achievements included construction work for the Oman Mispah gas combined-cycle power plant and the Hadong combined-cycle power plant, construction work for the Vietnam Omon 3 gas combined-cycle power plant, and a contract to manufacture core equipment for TerraPower's small modular reactor (SMR).
Doosan Bobcat posted third-quarter revenue of 2.4635 trillion won and an operating profit of 167.4 billion won. These figures increased by 16.5% and 25.3%, respectively, compared to the same period last year, driven by sales growth across all regions and product categories.
Dollar-based revenue by product category rose by 15% for compact equipment, 8% for industrial vehicles, and 5% for portable power. By region, North America grew by 15%, Asia, Latin America, and Oceania (ALAO) by 14%, and Europe, the Middle East, and Africa (EMEA) by 3%.
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