Thursday, August 30, 2012

[Ship Building] Daewoo profit cut 60%

[Ship Building] Daewoo profit cut 60%

According to Daewoo Shipbuilding & Marine Engineering's regulatory filing reported on August 29, it posted KRW 7.015trn ($6.19bn) of turnover, KRW 295.4bn of operating profit, KRW 180.6bn of net profit, for the first half of 2012.

Turnover slightly up by 1% year-on-year, while operating profit and net profit massively declined by 60% and 56% each.

Meanwhile, the Korean shipbuilder contracted new orders totalling KRW 7.028trn during H1, on consolidated basis - KRW 1.345trn from Shipbuilding division, KRW 5.611trn from Offshore and Specialized ship division, etc.



Published : August 30, 2012


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