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Daewoo E&C’s Q3 operating profit down 19%

[DISCLOSURE] Daewoo Engineering and Construction (047040) reported on Oct. 27 that its operating profit in the third quarter fell 19 percent to 97.9 billion won (US$85.95 million) on-year.

Its revenue increased 6.9 percent to 2.78 trillion won and net profit decreased 5.8 percent to 3.08 billion won from the same period last year.

“Although we have done quite well in housing and residential construction, there were some losses from overseas, and dented the income,” explained the company.