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Hyundai Heavy Industries boosts revenue ahead of merger

South Korean shipbuilder HHI, which is in the process of merging with DSME, has increased its revenue approaching the merger. This is in spite of the large shipbuilding industry having been under pressure for a while.

Photo: Lee Jae-Won / Reuters / Ritzau Scanpix

South Korean shipbuilding company Hyundai Heavy Industries has succeeded in raising its operating income in the second quarter of 2019, according to the financial report from HHI Holdings.

Total operating income lands at KRW 6.9 billion (USD 5.8 million) for the quarter in business unit Hyundai Heavy Industries, which is KRW 2 billion more than in the same period of 2018.

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