Hyundai Rotem Posts Record Q2 Operating Profit of 289.1B KRW, Up 12.24% YoY

According to Yonhap Infomax, Hyundai Rotem reported record second-quarter operating profit expectations of 289.1 billion KRW, up 12.24% year-over-year, driven by strong defense export momentum and normalized railroad operations. The consensus of four major Korean securities firms estimates Q2 revenue at 1.72 trillion KRW (up 21.23% YoY), with net income projected at 274.8 billion KRW (up 45.01% YoY). The company's Defense Solutions division benefited from accelerated K2 tank deliveries to Poland and improved revenue mix, while railway production normalized after weak Q1 performance.
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