Seoul, South Korea – Doosan Bobcat Inc., a global leader in the construction equipment sector, reported a notable uptick in its net profit for the third quarter, despite a marginal decline in revenue and operating profit compared to the same period last year.
According to a new release by Yonhap News Agency, on Friday, the company's third-quarter net profit amounted to 189.1 billion won (US$139.5 million), marking a 59 percent increase from the previous year. Operating profit for the July-September quarter stood at 297.6 billion won, in contrast to 316.9 billion won a year earlier. Revenue experienced a 0.5 percent dip, registering 2.36 trillion won for the quarter.
The mixed financial results highlight a scenario where Doosan Bobcat was able to significantly improve its net profitability even as it faced challenges in other financial metrics.