HD Hyundai Heavy Industries swings to red in Q3

SEOUL, - HD Hyundai Heavy Industries Co. on Thursday reported its third-quarter net loss of 9.7 billion won (US$7.1 million), turning from a profit of 50.4 billion won a year earlier.

Operating profit for the July-September period was 12.9 billion won, down 9.8 percent from a year ago, the company said in a regulatory filing. Sales rose 29.5 percent to 2.85 trillion won.


Source: Yonhap News Agency