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Hyundai Engineering Q2 net jumps 14 pct

2017/07/27 14:46

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SEOUL, July 27 (Yonhap) -- Hyundai Engineering & Construction Co. on Thursday posted a 14 percent on-year jump in its second-quarter net profit as major projects began to be reflected in the bottom line.

Net profit for the April-June quarter rose to 216 billion won (US$194 million) from 189.4 billion won a year earlier, the company said in a statement.

"The company has focused on winning plant and infrastructure projects in overseas markets. Initial payments for the projects helped buoy the quarterly results," it said.

Operating profit fell 5 percent to 281.8 billion won in the second quarter from 296.5 billion won a year ago. Sales were also down 10 percent to 4.218 trillion won from 4.706 trillion won, it said.