TYM posted a 13.9% year-on-year increase in second-quarter operating profit this year, driven by strong sales in the North American market.
TYM announced its preliminary second-quarter earnings on a consolidated basis on the 6th, reporting operating profit of 27.6 billion won. Revenue over the same period was 262.5 billion won, remaining similar to the level of the same quarter a year earlier, while net profit rose 110.8% to 26.5 billion won.
The results are attributed to stable business operations and sales strategies centered on the North American market. TYM strengthened its market competitiveness by leading with its local strategic models, the T4058P and the T5075, and boosted profitability by expanding the share of medium- and large-horsepower tractor sales.
Enhanced service competitiveness also contributed to the improved results. TYM strengthened its service quality by operating technical training programs for dealers across North America and improving its responsiveness in parts supply. Through these efforts, the company maintained solid growth even amid continuing external uncertainties such as U.S. tariffs and conflicts in the Middle East, the company said.
"These results prove the competitiveness we have built to provide the products and services that customers want in the global market," said Kim So-won, CEO of TYM. "We will continue to respond preemptively to the changing agricultural environment and sustain growth in the global market based on differentiated product competitiveness and technological innovation."
