Ssangyong C&E Q3 net income down 71.9 pct to 20.5 bln won

Ssangyong C&E-Q3 earnings

Ssangyong C&E Q3 net income down 71.9 pct to 20.5 bln won

SEOUL, Nov. 3 (Yonhap) -- Ssangyong C&E Co. on Thursday reported its third-quarter net profit of 20.5 billion won (US$14.4 million), down 71.9 percent from a year earlier.

The company said in a regulatory filing that it posted 36.1 billion won in operating profit for the quarter, compared with 68.6 billion won a year ago. Sales rose 12.3 percent to 474.7 billion won.

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