Hyundai Engineering and Construction Co. on Friday reported its first-quarter net profit of 150.5 billion won (US$113.2 million), down 17.8 percent from a year earlier.
Operating income for the January-March period was 173.5 billion won, up 1.2 percent from a year ago, the company said in a regulatory filing. Revenue rose 45.5 percent to 6.03 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 100.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency