Hyundai Mipo Dockyard Q3 net profit up 204 pct to 107.3 bln won

Hyundai Mipo Dockyard-Q3 earnings

Hyundai Mipo Dockyard Q3 net profit up 204 pct to 107.3 bln won

SEOUL, Oct. 27 (Yonhap) -- Hyundai Mipo Dockyard Co. on Thursday reported its third-quarter net income of 107.3 billion won (US$75.5 million), up 204 percent from a year earlier.

The company said in a regulatory filing that operating profit for the July-September period fell 59.2 percent on-year to 14 billion won. Revenue increased 42.4 percent to 882.3 billion won.

The operating profit was 45.5 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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