Hyundai Rotem disclosed on the 19th that it recorded revenue of 1.6207 trillion won and an operating profit of 247.1 billion won in the third quarter. Revenue increased by 0.1% year-on-year, while operating profit decreased by 11.0%. The operating profit margin reached 15.3%.
As of the end of the third quarter, the backlog stood at 29.142 trillion won. Backlogs by business segment were recorded as follows: △AD&RH (Aerospace, Defense & Robotics, Hydrogen) segment at 9.5228 trillion won, △RS (Rail & Systems) segment at 19.031 trillion won, and △EP (Eco Plant) segment at 588.2 billion won. In particular, the RS segment secured orders in the third quarter for projects including Taiwan’s Taoyuan Brown Line (344.5 billion won) and Singapore LTA electric multiple unit maintenance (310.3 billion won).
A company official said, "We have maintained solid revenue growth through the continuous production of defense export volumes," adding, "We plan to sustain medium- to long-term growth by promoting export diversification."
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