Doosan Bobcat, Inc. (241560.KS) reported Thursday that net profit for the third quarter increased 27.5 percent to US$60 million, driven by improved performance and a one-off corporate tax refund.
Operating profit increased 6.7 Percent to US$98 million from last year.
Revenues for the quarter improved 17.1 percent to US$1.53 billion from the same quarter last year.
Revenue in North America rose 17 percent and Europe, Middle East, and Africa (EMEA) revenues grew 16 percent, while revenue in Asia, Latin America, and Oceania (ALAO) declined 9 percent, due to weaker demand.
By segment, Compact Equipment revenue grew 20 percent and Portable Power revenue increased 16 percent, while Material Handling revenue decreased 9 percent.
Additionally, Doosan Bobcat declared a quarterly dividend of 400 South Korean won per share, maintaining its shareholder return policy of a minimum annual dividend of KRW 1,600 per share.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.