SEOUL: Hyundai Heavy Industries Co, the world’s largest shipbuilder, has reported a surprise 85% fall in quarterly earnings due to sluggish performance in non-core operations.
The company said in a filing with the stock exchange that it registered a 3.8 billion won (US$3.22mil) net profit for the third quarter ended Sept 30, compared with a 25.9 billion won profit a year earlier, although sales rose 2.2% to 1.95 trillion won.
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