Seoul: Daewoo Engineering and Construction (E and C) Co. reported a net loss of 529 million won (US$369,465) for the third quarter, marking a shift from a profit of 403 million won in the same period the previous year.
According to Yonhap News Agency, the company disclosed in a regulatory filing that its operating income for the July-September period decreased by 9.1 percent year-on-year to 566 million won. Additionally, Daewoo E and C's revenue saw a significant decline of 21.9 percent, dropping to 19.9 billion won.