Hoban Construction reported on the 3rd that its consolidated operating profit for last year was 271.6 billion won, a decrease of 32.3% compared to the previous year. During the same period, sales were 2.3736 trillion won, and net profit was 265.7 billion won, down 11.9% and 55.2%, respectively.
Hoban Construction's consolidated debt ratio for last year was 53%, indicating a high level of financial soundness. On a separate basis, the debt ratio decreased to 18.7%, making it one of the lowest among leading construction companies.
A company official explained, "The debt ratio decreased by about 7.6 percentage points compared to the previous year, and the liquidity ratio maintained at 500%, demonstrating excellent financial soundness even amidst a decline in the construction market."
Hoban Industries, which has Taihan Cable & Solution as its main affiliate, achieved sales of 632.3 billion won and a net profit of 97.1 billion won, continuing to manage profitably.
Taihan Cable & Solution achieved separate sales of 3.0233 trillion won, marking a significant increase of 16% compared to the previous year. The debt ratio was 68%, a decrease of about 18 percentage points from 86% in 2023, indicating good financial soundness. Current assets amounted to 1.5310 trillion won, while current liabilities were 772.5 billion won, maintaining a liquidity ratio of approximately 200%. This result can be attributed to robust orders and sales growth in global markets such as the U.S., Europe, and Asia.
Hoban Property, responsible for distribution within the Hoban Group, recorded sales of 26.6 billion won and a net profit of 28.7 billion won. The net profit saw a remarkable increase of 230 million won from last year's 5.4 billion won, resulting in a growth rate of 434%. The substantial investment and service improvements during the industry downturn caused by COVID-19, along with profitability improvements from the completion of construction sites and increased valuation gains from equity-method investees, are believed to be factors behind this result.
Accordingly, the Hoban Group achieved total sales of 9.0782 trillion won and assets of 16.88814 trillion won last year.
Kim Seon-kyu, chairman of the Hoban Group, noted, "We secured financial soundness by focusing on systematic risk management and stable management, and we will practice sustainable management by enhancing selective order taking and risk management capabilities."