April 20, 2024

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[THE INVESTOR] Doosan Bobcat, a construction equipment unit of Doosan Group, said on Nov. 2 that its third-quarter net profit increased 16 percent from a year earlier.

Net profit reached 55.2 billion won (US$49.50 million) in the July-September period, compared with a profit of 47.7 billion won a year earlier, the company said in a regulatory filing.

Operating income inched down 2 percent on-year to reach 101 billion won in the third quarter, while sales rose 15 percent to 1.01 trillion won over the cited period.

Doosan Bobcat operates 31 subsidiaries in 20 countries.

By Alex Lee and newswires (alexlee@heraldcorp.com)