Hyundai Development-Q4 earnings

Hyundai Development swings to black in Q4

SEOUL, Feb. 9 (Yonhap) -- Hyundai Development Co. on Thursday reported its fourth-quarter net income of 29.7 billion won (US$23.5 million), shifting from a loss of 37.9 billion won a year earlier.

Operating income for the October-December period was 74.3 billion, compared with a loss of 16.2 billion won a year ago, the company said in a regulatory filing. Revenue fell 8.2 percent to 915.3 billion won.

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