Samsung Heavy Industries-Q3 earnings

Samsung Heavy Industries remains in red in Q3

SEOUL, Nov. 5 (Yonhap) -- Samsung Heavy Industries Co. on Friday reported its third-quarter net loss of 123.8 billion won (US$104.5 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 110.2 billion won for the July-September period, compared with a loss of 13.4 billion won a year earlier. Revenue fell 11.4 percent to 1.48 trillion won.

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