Hyundai Rotem Q2 Revenue Misses Consensus at 1.61 Trillion Won, Operating Profit Down 9.7%

According to Yonhap Infomax on July 24, Hyundai Rotem reported Q2 revenue of 1.6061 trillion won and operating profit of 232.4 billion won, missing market consensus forecasts.

Revenue grew 13.3% year-over-year, but operating profit declined 9.7%. Analyst forecasts from four major South Korean brokerages had projected Q2 revenue of 1.7186 trillion won and operating profit of 289.1 billion won.

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