default_top_notch
default_news_top
default_news_ad1
default_nd_ad1

GS E&C's operating profit surge six-fold in Q1

기사승인 2018.04.07  16:36:50

공유
default_news_ad2

GS Engineering & Construction Co., a major South Korean builder, said Friday that its first-quarter operating profit jumped to more than six times its profit a year earlier.

For the three months ending March 31, the company reported 380.4 billion won (US$356 million) in profits, up from 59 billion won the previous year, the company said in a statement.

The sharp jump in operating profit was driven by steady and solid gains in housing projects and one-off gains worth 180 billion won from its overseas plant planning business, a company spokesman said by phone.

"Some clients demanded changes in the planning of plants they ordered from GS E&C, and their additional payments for the changed orders were reflected in the first quarter results," he said.

The company said it expects such additional one-off income will continue to be factored into its bottom line this year.

Sales rose 15 percent to over 3.1 trillion won from 2.7 trillion won in the same period last year, the statement said.

The company's quarterly net profit figure and other earnings details will be released later this month, the spokesman said.

kim sua edt@koreapost.com

<저작권자 © 코리아포스트 무단전재 및 재배포금지>
default_news_ad5
default_side_ad1
default_nd_ad2

인기기사

default_side_ad2

포토

1 2 3
set_P1
default_side_ad3

섹션별 인기기사 및 최근기사

default_side_ad4
default_nd_ad6
default_news_bottom
default_nd_ad4
default_bottom
#top
default_bottom_notch