GS Engineering & Construction swings to red in Q4

GS Engineering & Construction-Q4 earnings

GS Engineering & Construction swings to red in Q4

SEOUL, Jan. 30 (Yonhap) -- GS Engineering & Construction Corp. on Monday reported a fourth-quarter net loss of 55.5 billion won (US$45.2 million), swinging from a profit of 75.6 billion won a year earlier.

Operating income for the October-December period was 111.8 billion won, down 42 percent from a year ago, the company said in a regulatory filing. Revenue rose 49.7 percent to 3.92 trillion won.

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