Seoul: Hyundai Rotem Co. on Thursday reported its 2024 net profit of 405.3 billion won (US$280.3 million), up 158.5 percent from a year earlier. Operating income for the year was 456.6 billion won, marking an increase of 117.4 percent on-year, the company said in a regulatory filing. Annual revenue rose 22 percent to 4.37 trillion won.
According to Yonhap News Agency, the significant increase in net profit and operating income highlights the company's financial growth over the past year. The reported figures reflect Hyundai Rotem's strengthened market position and effective cost management strategies, contributing to its robust financial performance in 2024.