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지나쌤

Hyundai E&C Q2 profit up 5.5% on overseas projects

By Korea Herald

Published : July 27, 2016 - 14:59

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[THE INVESTOR] Hyundai E&C, the engineering and construction unit of Hyundai Motor Group, on July 27 said that its second-quarter operating profit increased 5.5 percent to 268.4 billion won (US$236.80 million) from a year ago, thanks to large orders from the Middle East.

But revenue was down 2.7 percent to 4.6 trillion won during the April-June period. 


A nuclear power plant being built by Hyundai E&C in the United Arab Emirates A nuclear power plant being built by Hyundai E&C in the United Arab Emirates


For the whole year, the company’s operating profit soared 4.5 percent to 475.6 billion won compared to last year.

The builder improved profits largely driven by big projects secured in Korea and overseas, especially in Middle East.

In the first half of this year, the company won a total of 8.5 trillion won orders, which compares with 11.9 trillion won a year ago.

By Lee Ji-yoon (jylee@heraldcorp.com">jylee@heraldcorp.com)

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