Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

HHI boosts quarterly profit by 62%

HHI boosts quarterly profit by 62%

Seoul: Hyundai Heavy Industries Co., the world's largest shipbuilder, boosted third-quarter profit by a more-than-estimated 62 percent as it built more offshore platforms and power plants. Net income climbed to 863.4 billion won ($768 million) from 533.8 billion won a year earlier, the Ulsan, South Korea-based company said in a regulatory filing.
The company aims to win $17.7 billion worth of contracts for vessels, plant construction and other items this year, compared with $10.7 billion in 2009. Of that total, orders for ships may reach $4.03 billion this year, from $444 million in 2009, the company forecast in December. [29/10/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.