Hyundai Mipo Dockyard Q3 net profit down 91 pct to 9.7 bln won

SEOUL, - Hyundai Mipo Dockyard Co. on Thursday reported its third-quarter net profit of 9.7 billion won (US$7.1 million), down 91 percent from a year earlier.

The company said in a regulatory filing that it posted an operating loss of 7.8 billion won for the July-September period, compared with a profit of 14 billion won a year ago. Sales rose 12.6 percent to 993.8 billion won.

The operating loss was 59.4 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency