HD Hyundai Heavy Industries Records Q3 Net Loss

SEOUL, - HD Hyundai Heavy Industries Co. announced a net loss in its third-quarter financial results, contrasting with a profit from the same period last year.

According to a new release by the Yonhap News Agency, HD Hyundai Heavy Industries reported a third-quarter net loss of 9.7 billion won (US$7.1 million). This is a downturn from a profit of 50.4 billion won a year earlier. The company also mentioned that its operating profit for the period fell 9.8 percent to 12.9 billion won, though sales rose 29.5 percent to 2.85 trillion won.

scroll to top