On-line supplement
to the Maritime Market magazine

Hyundai Heavy 3Q Profit Soars

Hyundai Heavy Industries(HHI) recorded third quarter profit of 798.8 billion, up 50% over the same period last year. The higher than expected profit was driven by sales reflection of high priced ships ordered in 2007 and 2008 and other non-shipbuilding sectors profit increase due to the lucrative offhshore and plant projects.

HHI's sales rose 7% to 5333.7 billion than last year due to the non-shipbuilding sector's sales increase helped by large scale projects from offshore and industrial plant divisions and construction equipment sales in China.

Meanwhile HHI received $13.975 billion worth of new orders($4.03 billion from shipbuilding) by the end of September this year, and 87% increase from last year. This also makes up 78.8% of the total new order goal of $17.725 billion for this year.

Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office

Contacts for Media
Tel.: +82-52-202-2342
Fax.: +82-52-202-2347
e-mail: hhiopr@hhi.co.kr

Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.

Company press releases

• Hyundai Heavy Industries Group Secures KRW 1 Trillion through Management Improvement Plan
• Hyundai Heavy Industries Ushers in Era of 4th Industrial Revolution in Shipbuilding Industry with Integrated Smart Ship Solution
• Hyundai Heavy Industries Group Wins USD 240 Million Order for the World’s First LNG-fueled Aframax Tankers
• HHI Receives 2nd AIP for SkyBenchTM, Innovative Design Concept for Maximizing Cargo Loading Capacity
• Hyundai Heavy Industries Delivers the World’s Largest Semi-Submersible Drilling Rig for Diamond Offshore