Hyundai Mipo Dockyard Co. on Thursday reported its first-quarter net loss of 4.4 billion won (US$3.3 million), remaining in the red compared with a year ago.
The company said in a regulatory filing that it continued to post an operating loss of 27.4 billion won for the January-March period, compared with a loss of 61.8 billion won a year earlier. Revenue rose 3.8 percent to 909.2 billion won.
The operating loss was 10.2 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency