Daelim Industrial Racks Up W10 Trillion in Sales

Daelim Industrial achieved W10 trillion in sales last year for the first time since its foundation. The builder saw sales grow 28 percent on-year to W10.25 trillion, and operating profit 12 percent to W489.3 billion. Net profit also rose 6 percent to W404.5 billion.

The firm attributed its brisk performance to a shift in focus on the overseas market in the past few years as a way to overcome a housing market slump here.

The latest earnings reflect large-scale overseas orders that Daelim won back in 2011 to build a power plant (US$1.22 billion) in Shoaiba in Saudi Arabia, and a petrochemical plant ($2 billion) in the Philippines.

englishnews@chosun.com / Jan. 29, 2013 13:42 KST