Daewoo EC Q1 net profit down 43.4% to $73.5 mil.
Building of Daewoo E&C / Yonhap
Daewoo Engineering Construction on Thursday reported its first-quarter net profit of 98.3 billion won ($73.5 million), down 43.4 percent from a year earlier.
Operating income for the January-March period was 176.7 billion won, down 20.2 percent from a year ago, the company said in a regulatory filing. Revenue rose 15.9 percent to 2.6 trillion won.
The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 96.4 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)