number of korean builders reporting operating losses rises
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Number of Korean builders reporting operating losses rises

Arab Today, arab today

Arab Today, arab today Number of Korean builders reporting operating losses rises

Korean builders
Seoul - Yonhap

The number of South Korean builders reporting operating losses in the second quarter rose compared to the previous three-month period, raising concerns that the construction industry as a whole may face tough times in 2014, industry-wide data showed Thursday.
According to consulting agency Korea Ratings, the earnings before interest and taxes (EBIT) of 21 local builders that had an investment-grade status better than BBB dropped 56 percent vis-a-vis the first quarter.

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