Hyundai Development Q2 net profit down 14.7 pct to 67.2 bln won

SEOUL– Hyundai Development Co. on Thursday reported its second-quarter net profit of 67.2 billion won (US$51.9 million), down 14.7 percent from a year earlier.

The company said in a regulatory filing that it posted 66.7 billion won in operating profit for the quarter, compared with 104.9 billion won a year ago. Sales rose 18.1 percent to 959.5 billion won.

Source: Yonhap News Agency

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