Korea Shipbuilding & Offshore Engineering shifts to profits in Q3

Asia's Tech News Daily

SEOUL, Oct. 28 (Yonhap) — Korea Shipbuilding & Offshore Engineering Co. on Thursday reported its third-quarter net profit of 192.6 billion won (US$164.6 million), swinging from a loss of 77 billion won a year earlier.

Operating income for the July-September period was 141.7 billion won, up 248.2 percent from a year ago, the company said in a regulatory filing. Revenue rose 2.8 percent to 3.55 trillion won.
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