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.