Korea Shipbuilding & Offshore Engineering Reports Q2 Operating Loss of 897.3 Billion KRW... Swings to Deficit Year-on-Year
[Asia Economy Reporter Park Jihwan] Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, announced on the 21st that it recorded an operating loss of 897.3 billion KRW in the second quarter of this year. This marks a turnaround to a loss compared to an operating profit of 92.9 billion KRW in the second quarter of last year.
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Sales revenue decreased by 3.3% during the same period to 3.7973 trillion KRW. Net loss for the period was 722.1 billion KRW, turning to a deficit compared to the previous year.
This content was produced with the assistance of AI translation services.
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