SK Securities expects Doosan Engine’s profitability to improve during the latter half of this year as the firm wraps up its restructuring.
The engine-maker‘s operating profit rate is likely to be improved to 2.7 percent from minus 9.2 percent in 2015, the brokerage said. The firm may also attain more liquidity when Doosan Bobcat goes public. Doosan Engine owns 11.8 percent stake in Doosan Bobcat, which recently passed the preliminary initial public offering assessment.
By Kim Ji-hyun (firstname.lastname@example.org