Hyundai Heavy Q4 2011 net dropped by 91pct YoY

Hyundai Heavy Industries Co, South Korea's leading shipbuilder, said that its fourth quarter earnings tumbled almost 91% YoY as it built more low priced ships.

Net profit reached KRW 71.3 billion in the October to December 2011 period as compared with a profit of KRW 827 billion a year

Full "Steel Guru" article