[
THE INVESTOR]
Hyundai E&C, the engineering and construction unit of
Hyundai Motor Group, on July 27 said that its second-quarter operating profit increased 5.5 percent to 268.4 billion won (US$236.80 million) from a year ago, thanks to large orders from the Middle East.
But revenue was down 2.7 percent to 4.6 trillion won during the April-June period.
A nuclear power plant being built by Hyundai E&C in the United Arab Emirates
For the whole year, the company’s operating profit soared 4.5 percent to 475.6 billion won compared to last year.
The builder improved profits largely driven by big projects secured in Korea and overseas, especially in Middle East.
In the first half of this year, the company won a total of 8.5 trillion won orders, which compares with 11.9 trillion won a year ago.
By Lee Ji-yoon (
jylee@heraldcorp.com)