Daewoo Profitable

Daewoo Shipbuilding & Marine Engineering Co. has reportedly returned to a profit last month from a year earlier, according to a report on www.tradingmarkets.com.

Net income was 66.7 billion won (US$73 million) in September, a turnaround from a net loss of 51.1 billion won a year earlier. Revenue rose 14.4 per cent to 576.3 billion won last month, with the operating profit rising 26.7 per cent to 28.1 billion won, it said. (Source: www.tradingmarkets.com)