Hyundai Oilbank Reports 1Q Operating Profit of 211.3 Billion KRW, Turning to Profit Year-on-Year

[Asia Economy Reporter Minwoo Lee] Hyundai Heavy Industries Holdings announced on the 29th that its subsidiary Hyundai Oilbank posted provisional results for the first quarter of this year with sales of 4,285.8 billion KRW and operating profit of 211.3 billion KRW. Compared to the same period last year, sales increased by 7.9%, and the operating loss turned into a profit. Net income also turned positive during the same period, totaling 149.5 billion KRW.