DL Co., Ltd. improved its performance across all business divisions, including petrochemicals and energy, with last year's operating profit increasing by over 170%.
DL Co., Ltd. reported an operating profit of 414.1 billion won last year, according to a preliminary disclosure on the 6th. This figure represents a 174.8% increase compared to the previous year. During the same period, sales reached 5.617 trillion won, an 11.9% increase.
This strong performance was attributed to solid results across all institutional sectors, including petrochemicals, energy, and construction. In the case of the petrochemical subsidiary, DL Chemical's operating profit increased by 75.9% year-on-year to reach 194.9 billion won, driven by strong profitability in the polybutene (PB) sector. Creighton also succeeded in turning profitable. Although operating profit for Cariflex, which produces medical isoprene (IR) latex, temporarily decreased due to initial operating expenses at the new plant in Singapore, the operating profit margin remained around 20%.
DL Energy also saw revenue and operating profit increase by 19.2% and 10.7%, respectively, due to stable operations of domestic and international power assets. In the case of Glad, revenue and operating profit rose by 5.3% and 10.4%, respectively, amid steady demand from foreigners and corporate hotels, achieving strong results. DL Motors also succeeded in turning profitable last year and improved its revenue.
DL Co., Ltd. recorded an operating loss of 22.4 billion won in the fourth quarter on a consolidated basis, returning to a loss compared to the same period last year. Sales were 1.2984 trillion won, an increase of 4.11% year-on-year.
A DL Co., Ltd. official noted, "Although the difficult business environment will persist this year, we plan to enhance profitability by continuing to reduce costs, improve operational efficiency, and focus on high-value-added products in our portfolio restructuring."