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HD Hyundai Heavy Industries Reports 290% Increase in Q2 Attributable Profit

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HD Hyundai Heavy Industries (KRX:329180) reported a 290% year-over-year increase in net income attributable to owners of the parent to 822.1 billion won from 210.9 billion won for the second quarter, according to a Wednesday filing with the Korea Exchange.

Sales rose 52.7% to 6.332 trillion won from 4.147 trillion won for the three months ended June 30.

The shipbuilder declared a cash dividend of 6,090 won per share, payable on Aug. 31 to shareholders of record on Aug. 13.

Shares of the company fell 2% in recent trade.

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