Economy: Hyundai Engineering Net Profit Rises 57.4 % YoY in Q4
Hyundai Engineering & Construction Co
Seoul - QNA
South Korean builder Hyundai Engineering & Construction Co. said Thursday its fourth quarter net profit spiked 57.4 % from a year earlier despite a drop in sales.
Net profit came to 260.06 billion won (US$224.5 million) in the October-December period, compared with a net profit of 165.2 billion in the same period in 2015, the company said in a regulatory filing, South Korean News Agency (Yonhap) reported.
Operating profit also surged 13 % on-year to 301.98 billion won despite a 6.1% drop in sales.
Sales came to about 5.3 trillion won in the three months ended Dec. 31, compared with 5.65 trillion won a year earlier, it said.
For the entire year of 2016, sales slipped 2 % on-year to 18.74 trillion won.
Net profit soared 11.4 % to 650.4 billion won, with operating profit gaining 6.5 % to 1.05 trillion won.
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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