Samsung Heavy Sees Sales Up On Year

Monday, January 24, 2000

South Korea's Samsung Heavy Industries Co. has set a 2000 sales target of $3.5 billion, up from a provisional $3.4 billion for 1999. A spokesman said the company raised its 2000 recurring profit target to $222 million from an estimated $133 million for 1999. Samsung provided no estimate for net profit for 1999 or 2000.

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