Wednesday, April 4, 2012

Hyundai Samho 2011 earnings↓



Hyundai Samho Heavy Industries is no different from other troubled shipbuilders.

The South Korean shipbuilder's 2011 revenue is KRW 9.4522trn ($8.41bn), up by 11.8% year on year, on consolidated basis, according to Hyundai Samho's report on March 30.

Operating profit and net profit plummeted to KRW 1.1826trn and KRW 723.7bn, down by 21.9% from KRW 1.5138trn and by 35.2% from KRW 1.1159trn, respectively.

On stand-alone basis, revenue increased to KRW 4.8287trn, up by 11.9% from KRW 4.3166trn, while operating profit and net profit decreased to KRW 804.3bn and 551bn, down by 3.1% from KRW 830.3bn and by 12.8% from KRW 631.6bn each.

Meanwhile, Hyundai Mipo Dockyard, Hi Investment & Securities, Hyundai Vinashin Shipyard, etc., are included in Hyundai Samho's financial statement.



Published : April 3, 2012

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