HD Korea Shipbuilding Swings to Black in Q4

Seoul: HD Korea Shipbuilding and Offshore Engineering Co. said Thursday its fourth-quarter net income totaled 727.1 billion won (US$502.1 million), swinging from a loss of 88.6 billion won a year earlier.

According to Yonhap News Agency, the company's operating profit for the October-December period was 499.1 billion won, marking an increase of 209.8 percent from a year ago. Revenue rose 19.6 percent to 7.16 trillion won.