Doosan Bobcat Posts 42.9% Operating Profit Jump in Q2, Beats Market Forecast

According to Yonhap Infomax, Doosan Bobcat recorded a consolidated operating profit of 291.7 billion won in the second quarter on July 23, up 42.9% year-over-year and significantly exceeding analyst forecasts of 180.6 billion won. Sales rose 11.2% to 2.44 trillion won, also surpassing the consensus estimate of 2.21 trillion won.

On a U.S. dollar basis, the company's sales increased 4% to $1.63 billion, with operating profit rising 34% to $195 million. The company attributed the improved profitability to U.S. tariff refund effects, along with price increases across product lines.