Korean shipbuilders' Q2 earnings outlook increasingly dim
Shipbuilders'
Seoul - Yonhap
South Korea's major shipbuilders, led by top player Hyundai Heavy Industries Co., may report poorer-than-expected earnings for the second quarter of the year, as they delivered more low-priced ships, data showed Sunday.
The combined second-quarter operating income for the country's top five shipyards, including Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co., was estimated at 286 billion won (US$283 million), according to the data compiled by financial service provider FnGuide.
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