现代格罗唯视二季度营收创新高但营业利润同比下降8.1%

Hyundai Glovis (086280.KS) saw its operating profit decline as short-term oil prices rose amid the Middle East situation.
Hyundai Glovis reported second-quarter revenue of 8.7054 trillion won and operating profit of 495 billion won, the company said in a regulatory filing on the 23rd. Its operating profit margin stood at 5.7%.
Revenue rose 15.8% from a year earlier, marking a quarterly record high, while operating profit fell 8.1%.
Commenting on the results, Hyundai Glovis said profitability slowed due to heightened global geopolitical tensions, including Middle East variables, and a short-term rise in oil prices. The company added that it delivered solid results through stable global supply chain management.
By business segment, the logistics division posted second-quarter revenue of 2.8558 trillion won and operating profit of 191.8 billion won. Revenue increased 10.3% from a year earlier, but operating profit fell 5.9% due to reduced contract freight rates reflecting container market conditions.
The shipping business posted revenue of 1.6441 trillion won, up 20.9% from a year earlier. Operating profit came in at 130.9 billion won, down 34.6% from a year earlier. The company said revenue increased on expanded non-affiliate volume, including from local Chinese original equipment manufacturers (OEMs), but operating profit declined due to rising oil prices. It added that finished-vehicle maritime transport volume remained solid, and forecast that operating profit would recover in the second half based on freight rate compensation.
The distribution segment achieved revenue of 4.2055 trillion won and operating profit of 172.3 billion won, up 17.9% and 27.8% respectively from a year earlier.
"The profitability that temporarily slowed due to the short-term oil price rise is something that can recover in the second half," a Hyundai Glovis official said. "Based on our unwavering earnings capacity, we will further strengthen our business competitiveness."
Including these results, Hyundai Glovis posted first-half revenue of 16.5181 trillion won and operating profit of 1.0165 trillion won. Its earnings guidance for this year calls for revenue of more than 31 trillion won and operating profit of more than 2.1 trillion won.