HD Hyundai Heavy Industries turns to profits in 2023
HD Hyundai Heavy Industries promotes its warship technology at a World Defense Show 2024, Riyadh, Saudi Arabia, Feb. 5. Courtesy of HD Hyundai Heavy Industries
HD Hyundai Heavy Industries on Tuesday reported its 2023 net profit of 24.7 billion won ($18.6 million), swinging from a loss of 352.1 billion won a year earlier.
Operating profit for the year was 178.6 billion, compared with a loss of 289.2 billion won from the previous year, the company said in a regulatory filing. Annual revenue rose 32.3 percent to 11.96 trillion won. (Yonhap)