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| DL이앤씨 사옥 전경 (사진=DL이앤씨) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] DL Engineering & Construction announced on the 24th that it has acquired a non-guaranteed bond credit rating 'A-(stable)' for two consecutive years from Korea Enterprise Evaluation on the 18th.
DL Engineering & Construction acquired the same rating from the Korea Credit Rating Corporation on November 11 and confirmed its credit rating by acquiring A- from two credit rating agencies.
"Business stability is good due to abundant order balance and construction experience," the Korea Corporate Evaluation said in a report. "We expect to maintain excellent financial stability based on solid cash generation."
In the first quarter of this year, DL Engineering & Construction Co. achieved 258.8 billion won in new orders, up 124 percent from a year earlier, with its order backlog reaching 6.4 trillion won at the end of last year. During the same period, sales and operating profit reached 515.3 billion won and 10.4 billion won, respectively, up 55 percent and 166.7 percent from a year earlier.
The financial structure is also stable. DL E&C explained that the debt ratio is 81.4% and the liquidity ratio is 213.9%, and that it shows the highest level of financial soundness in the industry by holding cashable assets worth KRW 561.4 billion.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
