Hyundai Heavy sees 2008 revenue growing 26 pct

Newswire

SEOUL, Dec 31 (Reuters) - Hyundai Heavy Industries , the world's largest shipbuilder, said on Wednesday its estimated 2008 revenue would reach 19.63 trillion won ($15.64 billion), up 26 percent from 2007. The South Korean company said in a filing with the Korea Exchange that it won $28.2 billion worth of orders this year, a 13 percent increase from 2007. The shipbuilding industry faces declining orders and falling shipping demand as the global downturn deepens, but sector leaders such as ...

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