Seoul: Doosan announced a significant increase in its first-quarter net profit, recording 101.5 billion won (US$68.7 million), marking a 798.2 percent rise compared to the previous year. The substantial growth in net profit highlights the company's strong financial performance in the January-March period.

According to Yonhap News Agency, Doosan's operating profit also saw a substantial increase, reaching 340.8 billion won, which is a 71.7 percent rise from the same period last year. Sales for the first quarter increased by 17.7 percent, totaling 5.06 trillion won. The operating profit exceeded expectations by 2.5 percent, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency. However, the estimated net profit figures were not disclosed in the report.