Samsung Heavy Industries swings to profits in Q1

Samsung Heavy Industries Co. on Thursday reported its first-quarter net profit of 9.3 billion won (US$7 million), turning from a loss of 103.9 billion won a year earlier.

Operating income for the January-March period was 19.6 billion, compared with a loss of 94.9 billion won a year ago, the company said in a regulatory filing. Sales rose 8.2 percent to 1.6 trillion won.

Source: Yonhap News Agency

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