Samsung Heavy Industries swings to profits in Q1

Samsung Heavy Industries-Q1 earnings

Samsung Heavy Industries swings to profits in Q1

SEOUL, April 27 (Yonhap) -- Samsung Heavy Industries Co. on Thursday reported its first-quarter net profit of 9.3 billion won (US$7 million), turning from a loss of 103.9 billion won a year earlier.

Operating income for the January-March period was 19.6 billion, compared with a loss of 94.9 billion won a year ago, the company said in a regulatory filing. Sales rose 8.2 percent to 1.6 trillion won.

(END)

(C) Yonhap News Agency. All Rights Reserved