Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  3. 8

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Seoul's first snowfall could hit hard, warns weather agency

    Seoul's first snowfall could hit hard, warns weather agency
지나쌤

Doosan Bobcat 2016 net rises 22% on high-priced products

By KH디지털2

Published : Feb. 15, 2017 - 16:35

    • Link copied

Doosan Bobcat Inc., a construction equipment unit of Doosan Group, said Wednesday that its earnings spiked 22 percent last year from a year earlier, largely due to an increase in sales of high-priced products.

Net profit reached 180 billion won ($158 million) last year, up 21.7 percent from a profit of 148 billion won a year earlier, the company said in a regulatory filing.

(Yonhap) (Yonhap)

Operating income surged 7.4 percent on-year to 414 billion won last year, while sales fell 2.2 percent to reach 3.95 trillion won over the cited period.

Doosan Bobcat made a debut on the local stock market in November last year by raising some 900 billion won, the second-largest IPO deal in 2016 after Samsung BioLogics Co.'s 2.2 trillion-won market debut.

In 2007, Doosan Infracore acquired Bobcat and other construction equipment units from North Carolina-based Ingersoll Rand PLC for $4.9 billion.

Doosan Bobcat operates 31 subsidiaries in 20 countries.

Doosan Bobcat expects this year's sales to rise 4.6 percent to $3.6 billion, while its operating income is also expected to increase 9.2 percent to $390 million, it said. (Yonhap)

More from Headlines