HDC Hyundai Industrial Development Co., Ltd., Performance Announcement, Business Profit Rate in Q1 of 2020 13.6%

1 trillion won in revenue following last quarter, maintaining the industry's highest operating profit ratio
Promote large-scale development projects based on reinforced fundamentals even in the case of Corona19

HDC Hyundai Industrial Development Co., Ltd. (CEO Kwon Soon-ho, Chung Kyung-gu) announced its separate performance for the first quarter of 2020. It recorded sales of 1.38 trillion won and operating profit of 136.4 billion won, up 13.9 percent from 881.2 billion won a year earlier, and its operating profit ratio also rose 2.2 percent from 11.4 percent a year earlier to 13.6 percent.
In detail, sales at large businesses such as Byeongjeom Station I-Park Castle and Daejeon I-Park City were recognized in earnest, achieving 1 trillion won in sales following the previous quarter, and operating profit also rose 35.7% year-on-year to 136.4 billion won with the performance of outsourcing business and the completion of its own Cheongju Gagyeong I-Park Complex 2.
In the first quarter, its financial health was also further strengthened. Cashable assets amounted to about 1.9667 trillion won in the first quarter, up 961.4 billion won from the previous quarter, and maintained a solid fundamentals, including managing debt ratios at a low level of 102.1 percent, while gaining stamina for future growth.
In addition, HDC Hyundai Industrial Development Co. has been practicing precision management by paying more than 100 billion won in corporate taxes for three consecutive years since 17 years in line with the industry's highest operating profit ratio.(In March last year, the HDC won the "100 billion won National Tax Tower" in recognition of its contribution to the nation's finances by paying more than 100 billion won before the split.)
An official from HDC Hyundai Industrial Development said, "This performance is significant because we achieved 1 trillion won in sales and double-digit operating profit ratio following the fourth quarter of last year despite the uncertain business environment caused by Corona 19," adding, "We will successfully carry out large-scale development projects such as Gwangwoon University Station Area Development Project and Yongsan Railroad Hospital Site Development Project based on the strengthened fundamentals as a comprehensive financial real estate company."