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FINWIRES

HD Korea Shipbuilding Returns to Profitability in Q2; Revenue Soars

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HD Korea Shipbuilding & Offshore Engineering (KRX:009540) posted an attributable net income of 207.2 billion won for the second quarter compared with a loss of 15.2 billion won a year earlier.

The shipbuilder's sales soared 146% to 345.4 billion won for the three months ended June 30 from 140.3 billion won.

In a separate disclosure, the company declared a quarterly cash dividend of 6,500 per common share, with a record date of Aug. 13 and payout on Sept. 1. The total dividend payout amounts to 459.6 billion won.

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