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.