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Hyundai Heavy Posts Biggest Profit in 3 Years on Cutting Costs

By Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. reported its biggest quarterly profit in three years as the world’s largest shipbuilder cut costs under its restructuring efforts and its oil-refining unit posted stronger earnings. Second-quarter net income, excluding minority interest, was 292 billion won ($257 million), compared with a loss of 241.2 billion won […]

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WP_Post Object ( [ID] => 123262 [post_author] => 21 [post_date] => 2016-07-27 15:43:55 [post_date_gmt] => 2016-07-27 15:43:55 [post_content] =>

Hyundai Heavy Industries shipyard in Ulsan, about 410 km (255 miles) southeast of Seoul. REUTERS/Lee Jae-WonBy Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. reported its biggest quarterly profit in three years as the world’s largest shipbuilder cut costs under its restructuring efforts and its oil-refining unit posted stronger earnings. Second-quarter net income, excluding minority interest, was 292 billion won ($257 million), compared with a loss of 241.2 billion won […]

The post Hyundai Heavy Posts Biggest Profit in 3 Years on Cutting Costs appeared first on gCaptain.

[post_title] => Hyundai Heavy Posts Biggest Profit in 3 Years on Cutting Costs [post_excerpt] =>

Hyundai Heavy Industries shipyard in Ulsan, about 410 km (255 miles) southeast of Seoul. REUTERS/Lee Jae-WonBy Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. reported its biggest quarterly profit in three years as the world’s largest shipbuilder cut costs under its restructuring efforts and its oil-refining unit posted stronger earnings. Second-quarter net income, excluding minority interest, was 292 billion won ($257 million), compared with a loss of 241.2 billion won […]

The post Hyundai Heavy Posts Biggest Profit in 3 Years on Cutting Costs appeared first on gCaptain.

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