Hyundai Heavy posts drop in May sales

Published : Jun 17, 2016 - 17:08 Updated : Jun 17, 2016 - 17:18

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[THE INVESTOR] Hyundai Heavy Industries posted May sales of 1.64 trillion won (US$ 1.4 billion), down 13.96 percent compared to the same month last year.

For the year so far, Hyundai Heavy’s sales came in at just under 9 trillion won, down 16.48 percent compared to the same period last year.

Hyundai Heavy, the country’s largest shipbuilder, has been plagued by falling orders and rising costs, pushing it to draw up tough revival plans.

Hyundai Heavy shares closed at 104,000 won, down 0.95 percent from the previous day.

By Choi He-suk (cheesuk@heraldcorp.com)