Hyundai Development-Q1 earnings

Hyundai Development Q1 net income down 48.1 pct to 47.5 bln won

SEOUL, April 28 (Yonhap) -- Hyundai Development Co. on Thursday reported its first-quarter net profit of 47.5 billion won (US$37.3 million), down 48.1 percent from a year earlier.

The company said in a regulatory filing that operating profit for the January-March period fell 42.5 percent on-year to 68.1 billion won. Revenue increased 5.3 percent to 731.8 billion won.

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