UPDATE 1-Hyundai Heavy Q3 profit up; shipbuilding in slump

Newswire

* Q3 oper profit 531.7 bln won, up 55 pct; below fcasts * Shipbuilding sector recovery not likely soon - analyst * Shares down 3.5 pct vs KOSPI's 1.5 pct loss (Adds details, analyst comments) SEOUL, Oct 29 (Reuters) - South Korea's Hyundai Heavy Industries , the world's biggest shipbuilder, posted higher quarterly operating profit, driven by its offshore and plant units, but missed forecasts due to a weakening shipbuilding business. The shipbuilding industry is set to suffer a ...

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