HD Korea Shipbuilding's Q2 profit jumps 73% on high-priced vessel sales

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for HD Hyundai’s shipbuilding businesses, said Wednesday its second-quarter operating profit jumped 72.5 percent from a year earlier driven by expanded sales of high-priced vessels, including liquefied natural gas carriers.

For the April-June period, HD KSOE posted an operating profit of 1.65 trillion won ($1.14 billion), while revenue rose 20.2 percent to 8.93 trillion won.

HD KSOE attributed the earnings improvement ...