February 3, 2011

Samsung Heavy Industries Records 33% Revenue Rise

South Korean shipbuilder Samsung Heavy Industries' earnings rose 32.6% in 2010 compared with 2009. The increase was attributed to high orders for drill ships. Samsung Heavy said it made a net income of $796m in 2010, an increase of $59.7m on the previous year. The shipbui

By cms admin

South Korean shipbuilder Samsung Heavy Industries’ earnings rose 32.6% in 2010 compared with 2009. The increase was attributed to high orders for drill ships.

Samsung Heavy said it made a net income of $796m in 2010, an increase of $59.7m on the previous year.

The shipbuilder’s operating profits went up by 25.7% to $88.8m, while sales slipped 0.3%.