Hyosung Group Chairman Cho Hyun-joon’s vision for proactive investment in power grid equipment is bearing fruit, as the global artificial intelligence (AI) boom fuels soaring demand for high-voltage power supply. His 2020 decision to acquire an extra-high-voltage transformer plant in Memphis, Tennessee, has helped propel the group’s power equipment unit to record earnings in recent months, with the company now targeting 5 trillion won ($3.62 billion) in annual revenue this year. According to Hyosung Heavy Industries, it logged 1.08 trillion won in sales and 102.4 billion won in operating profit in the first quarter of this year, achieving 9.3 percent and 82.2 percent year-on-year increases, respectively. The numbers are the highest first-quarter earnings for the company and widely accepted as an earnings surprise, as it surpassed brokerages’ consensus of an operating profit of around 90.1 billion won. The company set new highs in its annual earnings in 2024, logging 4.9 trillion won in sales and 362.5 billion won in operating profit, up 13.8 percent and 40.6 percent respectively from
Berita Korea Terbaru
berita terbaru artis korea
berita terbaru artis korea, berita terbaru korea, berita korea terbaru, berita artis korea terbaru, berita artis korea terbaru hari ini, berita selebriti korea terbaru, berita artis korea selatan terbaru, berita terbaru artis korea hari ini, berita terbaru korea utara vs amerika, berita terbaru konflik korea, berita terbaru artis korea selatan, berita artis terbaru korea, berita terbaru korea selatan, berita terbaru korea hari ini, berita terbaru hiburan korea
#Hyosung #chairman039s #bet #power #biz #hits #stride #boom
