[EQUITIES] Hi Investment & Securities projects Q3 profit growth for Hyundai E&C

[THE INVESTOR] Hi Investment & Securities projected Hyundai Engineering and Construction’s third quarter sales to rise 2.9 percent, and operating profit to grow 2.8 percent on-year.

Sales was estimated to reach 4.85 trillion won (US$4.36 billion), and operating profit 271.7 billion won.

Stabilizing raw material costs in overseas construction projects, along with a rise in domestic housing sales has contributed to the increase, the brokerage said on Oct.5.

By Kim Ji-hyun (jemmie@heraldcorp.com)