Seoul: HD Hyundai Electric Co. reported its 2024 net profit of 495.1 billion won (US$339.7 million), marking a significant increase of 90.8 percent from the previous year.

According to Yonhap News Agency, the company's operating income for the year reached 669 billion won, reflecting an impressive 112.2 percent rise on-year. Furthermore, HD Hyundai Electric's annual revenue experienced a substantial growth of 22.9 percent, amounting to 3.32 trillion won.