GS engineering swings to loss in Q2
Seoul - Yonhap
GS Engineering & Construction Corp., South Korea's fourth-largest builder, said Thursday that it swung to a net loss in the second quarter due to lower margins in overseas deals. Net loss reached 149 billion won (US$134 million) in the April-June period, a sharp turnaround from a profit of 75 billion won a year earlier, the Seoul-based company said in a regulatory filing.
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