{"id":62634,"date":"2024-04-19T05:00:00","date_gmt":"2024-04-19T00:00:00","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=c8f8740483c60ab3fc2f49ab7f19650b"},"modified":"2024-04-19T05:00:00","modified_gmt":"2024-04-19T00:00:00","slug":"lead-hyundai-e-andc-q1-net-up-38-4-pct","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/lead-hyundai-e-andc-q1-net-up-38-4-pct\/","title":{"rendered":"(LEAD) Hyundai E andC Q1 net up 38.4 pct"},"content":{"rendered":"
\n Hyundai Engineering and Construction Co. (Hyundai E andC) said Friday its first-quarter earnings jumped nearly 40 percent on strong housing and overseas business.<\/p>\n
Consolidated net profit came to 208.4 billion won (US$150.8 million) in the January-March period, up 38.4 percent from a year earlier, the company said in a regulatory filing.<\/p>\n
Operating profit surged 44.6 percent on-year to 250.9 billion won, and revenue spiked 41.7 percent to 8.55 trillion won.<\/p>\n
The first-quarter operating profit was 23.5 percent higher than a median market estimate of 203.1 billion won in a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.<\/p>\n
First-quarter sales accounted for nearly 29 percent of its full-year revenue target of 29.7 trillion won.<\/p>\n
Hyundai E andC said brisk domestic housing business combined with resilient overseas projects to generate stellar sales and earnings for the last quarter.<\/p>\n
In the first three months of the year, Hyundai E andC won orders worth 9.52 trillion won, up 60.3 percent f
\nrom a year earlier and amounting to some 33 percent of the full-year order goal of 29 trillion won.<\/p>\n
As of end-March, its order backlog stood at 91.25 trillion won, up 1.7 percent from three months earlier.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Hyundai Engineering and Construction Co. (Hyundai E andC) said Friday its first-quarter earnings jumped nearly 40 percent on strong housing and overseas business.<\/p>\n
Consolidated net profit came to 208.4 billion won (US$150.8 million) in the January-M…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n