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Hyundai Heavy nails record results

Hyundai Heavy nails record results

Seoul: South Korea's Hyundai Heavy Industries, the world's largest shipbuilder, made its best ever business results last year. ?Hyundai announced at the end of last week that the company saw KRW 22.4052trn ($20.1bn) of sales, KRW 3.4394trn of operating profit and KRW 3.7611trn of net profit during 2010. ?Last year's sales showed a slight increase of 6% compared to the previous year, but both the operating profit and net profit increased sharply by 55% and 75% respectively, outreaching KRW 3trn for the first time in history. ?Its operating margin also showed a dramatic jump to 15.4% on 10.5% from 2009. [31/01/11]

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