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DSME profits surge

08.02.2010

Daewoo Shipbuilding & Marine Engineering's profits surged last year due gains from affiliates and currency related gains.

DSME, South Korea’s third largest shipbuilder, reported a Won578bn ($493m) profit last year last year compared to a profit of Won402bn in the previous year.

The shipbuilder’s revenues jumped 12% to Won12.4trn last year. DSME said previously it expects to win $10bn worth in new orders in 2010 with sales of Won12.4trn.

Source: Seatradeasia-online.com

08.02.2010