Hyundai Engineering & Construction Q2 Profits Decrease 5.6 Percent to 212.4 Billion Won


SEOUL, July 21 (Yonhap) — Hyundai Engineering & Construction Co. on Friday reported its second-quarter net income of 212.4 billion won (US$165.7 million), a decline of 5.6 percent from the same period a year earlier.

Operating profit for the April-June period was 223.6 billion won, an increase of 27.4 percent from the previous year, the company said in a regulatory filing. Sales rose 28.4 percent to 7.16 trillion won.

The results exceeded market expectations. The average forecast of net profit by analysts was 129.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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