{
  "id": 16856000,
  "title": "(LEAD) HD KSOE Q3 net profit down 11.4 pct to 777 bln won",
  "url": "https://urgent.news/2026/10/28/lead-hd-ksoe-q3-net-profit-down-11-4-pct-to-777-bln-won",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T05:34:21.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20261028006751320"
  },
  "original_language": "en",
  "account": "HD Korea Shipbuilding & Offshore Engineering (KSOE) Co., a subsidiary of HD Hyundai Co., reported a decline in net profit for the third quarter, marking an 11.4% decrease to 777 billion won ($580 million). Despite this downturn in net profit, the company's operating income saw a significant 37.3% increase, reaching 1.44 trillion won. Revenue for the period also grew by 9.3%, totaling 8.28 trillion won. However, these figures fell short of market expectations, with analysts predicting a net profit of 915 billion won, as per a Yonhap Infomax survey. HD Hyundai Heavy Industries Co., the flagship shipbuilding unit, experienced a 30.2% increase in sales to 5.75 trillion won, and an impressive 61.3% rise in operating profit, attributable to higher ship prices and robust demand for engines and offshore plants. HD Hyundai Samho Co. reported a 20.5% sales increase to 2.37 trillion won and a 56.3% surge in operating profit to 479 billion won, primarily due to a greater proportion of liquefied natural gas (LNG) carriers in its sales portfolio. HD Hyundai Marine Engine Co. witnessed an astonishing 93.8% sales growth, reaching 211.4 billion won, and an operating profit that nearly tripled to 60.3 billion won, fueled by increased engine deliveries and stronger sales of dual-fuel engines.",
  "summary": "SEOUL, Oct. 28 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering (KSO...",
  "key_points": [
    "Operating income increased by 37.3%, reaching 1.44 trillion won.",
    "Revenue grew by 9.3% to 8.28 trillion won, below market expectations."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}