"Although the contractor's second-quarter operating profit remained at 26 billion won, down 9.9 percent from a year ago, its sales revenue grew 38.2 percent for the same period. The project financing balance at the end of second quarter can be reduced by 130 billion won and by 100 billion won at the end of the second half," he added.
As for other businesses of the group, Song of Shinhan Investment said, "The manufacturing units are still playing the role of cash cow, with 11 percent in operating profit ratio. Given the defense unit will be able to ship a new multiple launch rocket system 'Cheonmu' beginning in the second half of 2014, the 2014 operating profit for the group's manufacturing segment is forecast to rise to 12.3 percent."
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