Hyundai Mipo Dockyard-Q1 earnings

Hyundai Mipo Dockyard-Q1 earnings

Hyundai Mipo Dockyard remains in red in Q1

SEOUL, April 27 (Yonhap) -- Hyundai Mipo Dockyard Co. on Thursday reported its first-quarter net loss of 4.4 billion won (US$3.3 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 27.4 billion won for the January-March period, compared with a loss of 61.8 billion won a year earlier. Revenue rose 3.8 percent to 909.2 billion won.

The operating loss was 10.2 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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