Hanmi Global, a Korean construction management firm, has reported record sales and operating profits for the first half of this year. The company’s sales reached 205.6 billion won ($154 million), an increase of 25.6 percent compared to the previous year. Operating profits also rose by 21.5 percent to 13.7 billion won. Net profits saw a significant jump of 45.8 percent to 12.1 billion won during the same period. Hanmi Global attributed its strong earnings to its global expansion efforts, which saw a 56 percent increase in global sales compared to last year. The company secured several large-scale projects, including the Neom City project in Saudi Arabia, SeAH Steel’s monopile factory in the UK, KT&G’s tobacco manufacturing plants in Indonesia, and the Star Lake City development project in Vietnam. The company’s US unit, Otak, played a crucial role in boosting overall sales, recording 49.6 billion won in sales, up 8.4 percent from the previous year. The US market accounts for almost a quarter of Hanmi’s earnings, with the country’s focus on local manufacturing benefiting the firm’s expertise in managing high-tech plants for semiconductors and batteries. Hanmi Global plans to continue its global expansion while aiming to increase sales domestically in the latter half of the year, particularly in the new fields of data centers and city redevelopment projects.
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