Hyundai Group aims to increase Hyundai E&C tenfold by 2020


SEOUL, Nov 22 (Reuters) - Hyundai Group, preferred bidder for Hyundai Engineering & Construction Co Ltd , said on Monday that it aims to boost the builder's operating profit tenfold by 2020. Hyundai said it expected operating profit at the country's largest builder to reach 5 trillion won ($4.42 billion) in 2020, more than ten times more than in 2009, under its "vision 2020" plan. Hyundai Group, parent of Hyundai Merchant Marine Co Ltd , was picked last week as preferred bidder for ...

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