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Hyundai E&C net drops 18 percent in 2012

By Korea Herald

Published : Jan. 25, 2013 - 20:28

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Hyundai Engineering & Construction Co., South Korea’s leading builder, said Friday that its 2012 earnings dropped 18 percent from a year earlier.

Its consolidated net profit came to 560 billion won ($521 million) last year, compared with 685.1 billion won in 2011, the company said.

Sales, however, jumped 11.8 percent on-year to 13.3 trillion won in 2012, and operating profit increased 3.4 percent on-year to 760 billion won. (Yonhap News)

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