[eGongsi Notice] Hyundai Construction, 3Q Operating Profit 153.7 Billion KRW…30% Decrease YoY (Afternoon Summary)

[Asia Economy Reporter Lee Jung-yoon] Hyundai Engineering & Construction announced on the 26th that its consolidated operating profit for the third quarter of this year was preliminarily estimated at 153.76 billion KRW, down 30.2% from the same period last year.

During the same period, sales increased by 24.8% to 5.430843 trillion KRW, and net profit rose by 58.2% to 234.797 billion KRW.

In addition, Hyundai Engineering & Construction decided to provide a debt guarantee of 537.6 billion KRW to the Dunchon Jugong Apartment Housing Reconstruction Maintenance Project Association. This corresponds to 5.70% of consolidated equity as of the end of last year.

Hyundai Engineering & Construction also announced that it decided to lend 11.5 billion KRW in operating funds to its affiliate, Case Square Yongsan PFV.

▲ Cheil Worldwide = Consolidated operating profit for the third quarter of this year preliminarily estimated at 93.118 billion KRW, up 32.72% from the same period last year. Sales increased by 31.90% to 1.126055 trillion KRW.

▲ JSND = Consolidated operating profit for the third quarter of this year preliminarily estimated at 35.596 billion KRW, up 166.04% from the same period last year. Sales increased by 547.82% to 641.05 billion KRW.

▲ LS Cable & System Asia = Consolidated sales for the third quarter of this year preliminarily estimated at 194.338 billion KRW, down 4.3% from the same period last year. Operating profit increased by 72.9% to 9.394 billion KRW.

▲ Hanjin Heavy Industries Holdings = Subsidiary Daeryun Power merged by absorption with Byeollae Energy.

▲ Samsung Electro-Mechanics = Consolidated operating profit for the third quarter of this year preliminarily estimated at 310.965 billion KRW, down 31.8% from the same period last year.

▲ LG Display = Consolidated operating loss for the third quarter of this year preliminarily estimated at 759.36 billion KRW, turning to a deficit.

▲ Hwasung Corporation = Decided to provide a debt guarantee of 37.9 billion KRW to affiliate Hwasung Networks.

▲ Hyundai Electric = Consolidated operating profit for the third quarter of this year preliminarily estimated at 37.8 billion KRW, up 410.8% from the same period last year.

▲ Dong-A ST = Decided to acquire 50,301 common shares worth 2.5 billion KRW as treasury stock to stabilize stock price and enhance shareholder value. Consolidated operating profit for the third quarter of this year preliminarily estimated at 14.174 billion KRW, up 21.8% from the same period last year.

▲ OCI = Consolidated operating profit for the third quarter of this year preliminarily estimated at 289.119 million KRW, up 48.6% from the same period last year.

▲ GS Engineering & Construction = Consolidated operating profit for the third quarter of this year preliminarily estimated at 125.087 billion KRW, down 17.85% from the same period last year.

▲ Hyosung ITX = Consolidated operating profit for the third quarter of this year preliminarily estimated at 5.17 billion KRW, down 2.77% from the same period last year.

▲ Industrial Bank of Korea = Consolidated operating profit for the third quarter of this year preliminarily estimated at 1.091282 trillion KRW, up 33.7% from the same period last year.

▲ Samsung Biologics = Consolidated operating profit for the third quarter of this year preliminarily estimated at 324.741 billion KRW, up 93.98% from the same period last year.

▲ LG Innotek = Consolidated operating profit for the third quarter of this year preliminarily estimated at 444.799 billion KRW, up 32.50% from the same period last year.

▲ Samsung C&T = Consolidated operating profit for the third quarter of this year preliminarily estimated at 796.797 billion KRW, up 465.1% from the same period last year.

▲ HDC Hyundai Development Company = Decided to lend 110 billion KRW to JP Development.

▲ Han Express = Decided to acquire 200,000 common shares as treasury stock to stabilize stock price and enhance shareholder value. The expected acquisition amount is 857 million KRW.

▲ Cammsys = Decided to issue 16 billion KRW worth of 24-company anonymous, interest-bearing, unsecured private convertible bonds (CB) for operating fund procurement.

▲ Hana Materials = Operating profit for the third quarter of this year preliminarily estimated at 21.943 billion KRW, down 2.2% from the same period last year.

▲ Gaon Media = Consolidated operating profit for the third quarter of this year preliminarily estimated at 760 million KRW, down 89.7% from the same period last year.

▲ HumanN = Signed a contract to supply 1.7 billion KRW worth of domestic marine scrap iron with Taemin Steel.

▲ Smart Solutions = Kim and two others filed for bankruptcy at Suwon District Court.

▲ iWin = Decided to issue 4 billion KRW worth of 5th series domestic anonymous, interest-bearing, unsecured private convertible bonds (CB).

▲ SillaJen = Seoul Southern District Court dismissed the lawsuit to confirm invalidity of new share issuance.