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DOOSAN HEAVY INDUSTRIES SLIPS INTO RED IN THIRD QUARTER.
(From Asia Pulse)
SEOUL, Nov 13 Asia Pulse - Doosan Heavy Industries & Construction Co. (KSE:034020) said it recorded a net loss of 6.2 billion won (US$5.25 million) in the third quarter.
Doosan Heavy, a unit of the Doosan Group, said its sales and operating profit in the July-September period fell 36.7 per cent and 87 per cent year-on-year respectively, to 477.8 billion won and 10.4 billion won.
The heavy industries giant, which has been plagued by labor disputes, also reported an ordinary loss of 8.7 billion won for the third quarter.
Doosan Heavy attributed the disappointing …
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