Skip to Content
Global News Select

Hyundai Engineering & Construction 4Q Net Profit Plunged 82%

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.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

(END) Dow Jones Newswires

January 22, 2020 02:32 ET (07:32 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.