Hyundai Mipo Dockyard remains in red in Q4

SEOUL, Hyundai Mipo Dockyard Co. on Tuesday reported its fourth-quarter net loss of 109.4 billion won (US$82.5 million), remaining in the red compared with a year ago. The company said in a regulatory filing that it continued to post an operating loss of 65.2 billion won for the October-December period, compared with a loss of 54.7 billion won a year earlier. Sales rose 7.8 percent to 1.1 trillion won. The operating loss was 9680 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency