대한조선주식회사

DH Shipbuilding is not just good at building ships; it is also becoming a financially strong company. On May 15, the company announced that it made 308.3 billion KRW in sales and 82.6 billion KRW in operating profit during the first quarter of this year. Its operating profit margin reached 26.8%, which is the highest level in the shipbuilding industry.

The most impressive part of this report is the net profit, which is the final money the company keeps. DH Shipbuilding made 77.4 billion KRW in net profit. This is about a 28% increase compared to the same period last year, when it made 60.6 billion KRW.

This great result happened because the company now operates with zero debt. In the past, the company had to spend a lot of money paying bank interest. Now, because those interest costs are gone, the money they earn goes straight into the company's savings. They also managed their money wisely to make extra profit, creating a healthy financial system that can survive hard times.

Another reason for this success is building the same type of ships repeatedly. DH Shipbuilding focused on building tanker ships over and over. This helped the workers get used to the process, making production faster and cheaper. Instead of just trying to sell many ships, the company focused on making more profit from each ship.

An official from DH Shipbuilding said that they will continue to focus on making the best ships and earning high profits. He also mentioned that they are looking for good ways to share their financial success with their shareholders in the future. Meanwhile, DH Shipbuilding has already taken orders for 13 ships this year, passing its yearly goal much earlier than expected.