Doosan Infracore Q2 net surges on asset sale, cost-saving measures
Jul 18, 2016
Doosan Infracore Co., Korea's top construction equipment maker, said Monday that its second-quarter earnings soared on the back of asset sales and reduced costs in the wake of tough restructuring.Net profit reached 224 billion won in the April-June period, compared with 9.5 billion won a year earlier, the company said in a regulatory filing.Operating income more than doubled to 174 billion won from a year earlier, while sales edged down 0.2 percent on-year to reach 1.62 trillion won.Doosan Infra