By Kwanwoo Jun
Hyundai Engineering & Construction Co.'s (000720.SE) fourth-quarter net profit fell 82% from a year earlier, largely due to the weaker value of overseas assets based on currency-exchange rates.
Net profit for the quarter ended December was 12.23 billion won ($10.5 million), compared with KRW66.85 billion in the year-ago period, the South Korean company said Wednesday. The result missed a FactSet estimate of KRW135.13 billion.
Revenue for the quarter rose 4.2% to KRW4.652 trillion, while operating profit increased 18% to KRW192.61 billion.
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(END) Dow Jones Newswires
January 22, 2020 02:32 ET (07:32 GMT)Copyright (c) 2020 Dow Jones & Company, Inc.