Daewoo Shipbuilding earnings sink by 82 percent last year

Home > Business > Industry

print dictionary print

Daewoo Shipbuilding earnings sink by 82 percent last year

Daewoo Shipbuilding & Marine Engineering said yesterday that its earnings plunged 82 percent last year from a year earlier because it built more low-priced vessels.

Net profit reached 137 billion won ($126 million) last year, compared with 743 billion won reported a year earlier, the company said in a regulatory filing.

Sales gained 2.5 percent on-year to reach 12.57 trillion won last year, while operating income sank 55.4 percent on-year to 452 billion won, it said. Yonhap
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now