Korea Shipbuilding & Offshore Engineering remains in red in Q4

Korea Shipbuilding & Offshore Engineering-Q4 earnings

Korea Shipbuilding & Offshore Engineering remains in red in Q4

SEOUL, Feb. 7 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. on Tuesday reported its fourth-quarter net loss of 212.3 billion won (US$168.9 million), remaining in the red compared with a year ago.

Operating profit for the October-December period was 117.1 billion, compared with a loss of 696.7 billion won a year ago, the company said in a regulatory filing. Sales rose 10.9 percent to 4.94 trillion won.

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