Seoul:<Text>

HD Hyundai Marine Solution (HDHMS) announced a significant rise in its first-quarter net profit, amounting to 98.1 billion won (US$66.2 million), which is a 55 percent increase compared to the same period last year.

According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating profit for the January-March period climbed 12.5 percent year-on-year to 93.4 billion won. Meanwhile, sales surged 18.3 percent, reaching 574.6 billion won.

HDHMS noted that its operating profit was 5.6 percent below the average estimate reported in a survey conducted by Yonhap Infomax, the financial data firm of Yonhap News Agency. The forecast for the net profit was not provided in the survey.