Independent journal on economy and transport policy
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Sensitive deterioration of the economic results of Hyundai Heavy Industries in the fourth trimester of 2012
The period has been archived item with a net loss of about 319 million dollars
February 7, 2013
In the fourth trimester of the 2012 South Korean navalmeccanico group Hyundai Heavy Industries (HHI), world leader of the market, is incurred in a net loss of 348,1 billion won (319 million dollars) respect to a net loss of 25,4 billion won in the correspondent period of 2011. The revenues are diminished of 2.7% to 14.136, 0 billion won and the operating profit is dropped of 93.9% attesting itself to 54,3 billion won.
In the entire exercise anniversary the 2012 group has totaled a profit of 1.038, clearly 4 billion won, with a decrease of 62.1% on the year precedence. The revenues are increased of 2.4% to 54.973, 7 billion won and the operating profit has recorded a contraction of 56.3% having come down to 1.993, 2 billion won.
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