09 February 2021
Hyundai posts 2020 losses
by Jon Grevatt
The Hyundai Heavy Industries (HHI) group has attributed losses in fiscal year (FY) 2020 to factors including the Covid-19 pandemic and exchange rates.
The South Korean corporation – one of the country’s most important naval shipbuilders – said in a stock exchange filing that its revenues in FY 2020 fell year on year by 29% to KRW18.9 trillion (USD16.96 billion). It also suffered an operating loss of KRW597 billion, compared with profit of KRW666 billion last year.
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The Hyundai Heavy Industries (HHI) group has attributed losses in fiscal year (FY) 2020 to factors i...
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