South Korea’s mid-tier steelmakers are slashing SG&A costs to offset persistently high cost ratios, as cheap Chinese imports and a strong dollar squeeze margins; the new K-Steel Act is expected to offer some relief.
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Mid-Tier Steelmakers Still Struggle With High Cost Ratios—Tightening SG&A Expenses
South Korea’s mid-tier steelmakers are slashing SG&A costs to offset persistently high cost ratios, as cheap Chinese imports and a strong dollar squeeze margins; the new K-Steel Act is expected to offer some relief.
DL E&C Posts 40% Surge in Operating Profit on Improved Cost Ratio—Revenue Slightly Down (Comprehensive)
DL E&C Co. posted a 40% jump in Q3 operating profit on improved cost ratios, beating forecasts, while revenue dipped slightly due to weaker DL Construction sales.
GS Engineering & Construction Co. posted Q3 operating profit up 81.53% year-on-year to 148.4 billion won, with revenue and profit both exceeding estimates as cost ratios stabilized and margins normalized across divisions.
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'Cost Ratio Stabilizes'—GS Engineering & Construction Posts Q3 Operating Profit and Revenue Above Estimates (Comprehensive)
GS Engineering & Construction Co. posted Q3 operating profit up 81.53% year-on-year to 148.4 billion won, with revenue and profit both exceeding estimates as cost ratios stabilized and margins normalized across divisions.
GS Engineering & Construction is projected to post over KRW 100 billion in Q2 operating profit for the first time in two years, driven by improved cost ratios and robust order momentum, despite lingering concerns over financial structure and project financing exposure.
#YonhapInfomax #GSEngineeringConstruction #OperatingProfit #CostRatio #OrderMomentum #ProjectFinancingExposure #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=72879
GS E&C Set to Surpass KRW 100 Billion in Q2 Operating Profit—Cost Ratio Improvement in Focus
GS Engineering & Construction is projected to post over KRW 100 billion in Q2 operating profit for the first time in two years, driven by improved cost ratios and robust order momentum, despite lingering concerns over financial structure and project financing exposure.
Profitability at South Korea’s top 10 construction firms is under pressure as average cost ratios approach 93%, driven by surging material and labor costs, higher apartment prices, and new eco-friendly regulations.
#YonhapInfomax #CostRatio #ConstructionCompanies #ApartmentPrices #ZeroEnergyCertification #UnsoldUnits #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=65081
Cost Ratios at South Korea’s Top 10 Builders Near 93%—Profitability Warning Amid Soaring Apartment Prices
Profitability at South Korea’s top 10 construction firms is under pressure as average cost ratios approach 93%, driven by surging material and labor costs, higher apartment prices, and new eco-friendly regulations.
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