HD Hyundai Heavy Industries Co. on Thursday reported its first-quarter net income of 50.2 billion won (US$37.5 million), swinging from a loss of 175.9 billion won a year earlier.
Operating income for the January-March period was 36.1 billion, compared with a loss of 217.4 billion won a year ago, the company said in a regulatory filing. Sales rose 31.5 percent to 2.63 trillion won.
The operating profit was 42.2 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.
Source: Yonhap News Agency