SEOUL — HD Hyundai Infracore Co. announced a significant decline in its financial performance for the second quarter, with net income falling 44.3% to 63.1 billion won ($45.4 million), as reported in a recent regulatory filing.
According to Yonhap News Agency, the downturn is reflected in both operating profit and revenue figures. The operating profit for the quarter stood at 81.5 billion won, a sharp decrease from 162 billion won in the same period last year. Additionally, the company's revenue dropped by 15.7% to 1.1 trillion won. The results highlight challenges faced by the firm amid fluctuating market conditions and operational adjustments.