Arab Today, arab today daewoo engineering q3 net edges up 1
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Arab Today, arab today
Arab Today, arab today

Daewoo engineering Q3 net edges up 1%

Arab Today, arab today

Arab Today, arab today Daewoo engineering Q3 net edges up 1%

Seoul - Yonhap

Daewoo Engineering & Construction Co., one of South Korea\'s leading builders, said Wednesday that its net profit edged up 1.4 percent in the third quarter from a year earlier. Net income came to 50.2 billion won (US$47.5 million) between July and September, compared with 49.5 billion won a year earlier, the Seoul-based company said in a regulatory filing. The builder said its operating profits increased 8 percent on-year to 107 billion won, though sales fell 9.8 percent on-year to 2 trillion won. Shares of Daewoo E&C closed at 8,650 won on the Seoul bourse, up 0.12 percent from the previous session\'s close. The third-quarter earnings statement came out after the market closed.

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