HD Hyundai Heavy Industries Records Q3 Net Loss

Business

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.