HD Korea Shipbuilding posts record Q1 profit on strong high-margin ship orders

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Thursday this year's record first-quarter profit was largely fueled by robust demand for high-margin, eco-friendly vessels. In the January-March period, HD KSOE’s revenue and operating profit surged year-on-year by 20.2 percent and 57.8 percent to 8.14 trillion won and 1.36 trillion ($5.61 billion and $938.9 million), respectively. Its profit also exceeded market expectat

By The Korea Herald