Hyundai Engineering and Construction Co. on Friday reported its second-quarter net income of 212.4 billion won (US$165.7 million), down 5.6 percent from a year earlier.
Operating profit for the April-June period was 223.6 billion won, up 27.4 percent from a year ago, the company said in a regulatory filing. Sales rose 28.4 percent to 7.16 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 129.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency