HD Korea Shipbuilding & Offshore Engineering Reports 9.5% Rise in Q3 Net Income

SEOUL, - HD Korea Shipbuilding & Offshore Engineering Co. reported a rise in its third-quarter net profit on Thursday.

According to a new release by the Yonhap News Agency, the net profit for the July-September period was 345.9 billion won (US$254.6 million), a 9.5 percent increase from a year earlier. However, the operating profit was down 63.5 percent, standing at 69 billion won. Revenue for the quarter increased by 17.5 percent to 5.01 trillion won.

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