It is reported that the world's third largest shipbuilder Daewoo Shipbuilding & Marine Engineering’s net profit in 2007 jumped almost six fold in 2007 from KRW 321 billion (USD 338.9 million) in 2006. Sales for 2007 were KRW 7.1 trillion up by 31.6% YoY from KRW 5.4 trillion in 2006.
Daewoo Shipbuilding added that it swung to an operating profit of KRW 307 billion for 2007 from a KRW 169 billion loss in 2006.
Its net income soared nearly five fold in January 2008 also. Net income came to KWR 19.1 billion (USD 20 million) during the month, as compared with KWR 3.9 billion in January 2007. Sales rose by 43.1% YoY to KWR 696.6 billion won in January.
Daewoo Shipbuilding added that it swung to an operating profit of KRW 307 billion for 2007 from a KRW 169 billion loss in 2006.
Its net income soared nearly five fold in January 2008 also. Net income came to KWR 19.1 billion (USD 20 million) during the month, as compared with KWR 3.9 billion in January 2007. Sales rose by 43.1% YoY to KWR 696.6 billion won in January.