The Korea Herald

피터빈트

Hyundai Heavy Q1 orders plunge 44%

By 윤정현

Published : July 20, 2016 - 18:01

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[DISCLOSURE] The nation’s biggest shipbuilder, Hyundai Heavy Industries (009540) reported on July 20 that its total orders came in at US$4.11 billion during the first quarter, plunging over 44.4 percent from the same period last year. 

The orders secured in its shipbuilding business dwindled 68.85 percent on-year to US$992 million. In the offshore plant construction area, the company won US$417 million worth of orders, a 53.04 percent fall from a year earlier. Orders for electric equipment came to US$108 million, nudging up 6.55 percent.