Hyundai Wia (011210) Q2 2024 earnings summary

Executive summary

• Consolidated interim financial statements for the six months ended June 30, 2024, were reviewed and found to comply with Korean IFRS 1034, with no material misstatements identified.

• The review covers the consolidated balance sheet, income statement, statement of changes in equity, and cash flow statement for the period.

Financial highlights

• Revenue for the first half of 2024 was ₩4,374,696 million, nearly flat compared to ₩4,380,091 million in the same period last year.

• Operating income rose to ₩128,991 million from ₩116,131 million year-over-year.

• Net income attributable to owners of the parent increased to ₩80,079 million from ₩23,141 million year-over-year.

• Basic and diluted EPS for the half-year was ₩3,005, up from ₩868 in the prior year.

• Cash and cash equivalents at period-end were ₩796,525 million, up from ₩471,826 million at the previous year-end.

Outlook and guidance

• No explicit forward-looking guidance provided, but management notes ongoing monitoring of risks related to the Russia-Ukraine conflict and its impact on Russian subsidiary operations.