Seoul: Hyundai Engineering and Construction Co. on Friday reported its second-quarter net profit of 158.6 billion won (US$113.9 million), reflecting an 8.6 percent increase from the same period last year.

According to Yonhap News Agency, the company revealed in a regulatory filing that its operating income for the April-June period surged by 47.3 percent on-year to reach 217 billion won. Despite the rise in net profit and operating income, the company experienced a 10.4 percent decline in sales, which totaled 7.72 trillion won for the quarter.

The reported earnings surpassed market predictions, as analysts had anticipated a net profit of 148.3 billion won, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.