SEOUL-- Hyundai Engineering & Construction Co. on Friday reported its second-quarter net profit of 224.9 billion won (US$171.5 million), up 164.8 percent from a year earlier.
The company said in a regulatory filing that operating profit for the April-June period rose 24.4 percent on-year to 175.4 billion won. Sales increased 27.3 percent to 5.57 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 104 billion won, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Source: Yonhap News Agency