Hyundai Heavy Q3 profit drops on materials, won

Newswire

SEOUL, Oct 30 (Reuters) - Hyundai Heavy Industries Co Ltd , the world's largest shipbuilder, reported on Thursday its quarterly net profit fell by a third, hit by rising raw materials costs and losses from the weaker won . Hyundai Heavy posted 291.8 billion won ($225.9 million) in third-quarter net profit, missing by far an average 531.7 billion won profit forecast from Reuters Estimates. The figure compares with 434.7 billion won profit a year earlier and 655.2 billion won in the second ...

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