Hyundai Heavy Industries Co Ltd on Thursday posted a 46 percent rise in fourth-quarter operating profit as orders gained momentum and helped by stellar sales in its non-ship business.
The world's largest shipbuilder reported a 983 billion won ($881.6 million) operating profit for the October-December quarter, beating a consensus forecast for 871 billion won from a poll by Thomson Reuters I/B/E/S.
The result compared with a 675 billion won operating profit a year earlier.
According to StarMine SmartEstimate, which predicts earnings by putting more weight on recent forecasts from top-rated analysts, Hyundai was projected to report an operating profit of 963 billion won.
Total revenue rose 21 percent to 6.4 trillion won versus the year-ago quarter.
The world's largest shipbuilder reported a 983 billion won ($881.6 million) operating profit for the October-December quarter, beating a consensus forecast for 871 billion won from a poll by Thomson Reuters I/B/E/S.
The result compared with a 675 billion won operating profit a year earlier.
According to StarMine SmartEstimate, which predicts earnings by putting more weight on recent forecasts from top-rated analysts, Hyundai was projected to report an operating profit of 963 billion won.
Total revenue rose 21 percent to 6.4 trillion won versus the year-ago quarter.