Hyundai E&C reports a small decline in net profit

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Hyundai E&C reports a small decline in net profit

Hyundai Engineering and Construction, the nation’s largest builder, saw its third-quarter profitability slightly decline from a year ago.

The builder said yesterday that its operating profit declined 6.2 percent on-year to 206.1 billion won ($194 million), while net profit dipped 1.8 percent to 169.2 billion won despite a sales increase of 6.5 percent on-year to 3.5 trillion won in the July to September period.

However, the company said it is doing well for the year as its accumulative operating profit through the third quarter increased 11.8 percent on-year to 585.3 billion won, while net profit soared 8 percent to 448.8 billion won. Sales were up 7.2 percent to 9.8 trillion won.
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