On Friday, Samsung Heavy Industries Co. announced its third-quarter net income of 35.6 billion won (US$26.3 million), a dramatic reversal from the 201.6 billion won loss it posted in the same period a year prior. Operating profit for the July-September period was 75.8 billion, compared to a 167.9 billion won loss in the previous year, and sales rose 44.7 percent to 2.02 trillion won.
The reported earnings exceeded market expectations, with analysts predicting a net profit of 28.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
(END)