Samsung Heavy 2009 net rises 6.8 pct to 669 bln won

SEOUL, Jan. 27 (Yonhap) -- Samsung Heavy Industries Co., South Korea's
second-largest shipbuilder, said Wednesday that its earnings increased 6.8
percent last year on the back of improved productivity and higher prices.
Net profit reached 669 billion won (US$575 million) last year, compared with a
profit of 627 billion won a year earlier, the company said in a regulatory
filing.
Sales increased 22.8 percent to 13.09 trillion won, and operating income also
gained 5.1 percent to 793 billion won.
Shares of Samsung Heavy closed at 25,200 won on the Seoul bourse, down 1.9
percent. The 2009 earnings report was released after the market closed.
sam@yna.co.kr
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