Hyundai Heavy Industries Q2 Operating Profit 65.3 Billion KRW... 109.3% Increase from Previous Quarter
[Asia Economy Reporter Oh Ju-yeon] Hyundai Heavy Industries announced on the 30th that its consolidated operating profit for the second quarter of this year reached 65.3 billion KRW, an increase of 109.3% compared to the previous quarter. Sales amounted to 2.2118 trillion KRW, up 1.5% from the previous quarter, while net profit for the period was 100 million KRW, down 98.4% from the previous quarter.
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The company explained, "Hyundai Heavy Industries was established through a physical division from Korea Shipbuilding & Offshore Engineering (formerly Hyundai Heavy Industries) on the division date (June 1, 2019). Since consolidated financial statements have been prepared starting this year, the performance for the same period last year is not provided."
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