Doosan Heavy Q1 net loss widens on weaker won

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SEOUL, May 8 (Yonhap) -- Doosan Heavy Industries & Construction Co., South
Korea's largest power-equipment maker, said Friday that its first-quarter losses
widened due to a weaker won and losses from equity ties with affiliates.

Net losses widened to 179 billion won (US$141 million) in the January-March
period from a loss of 39 billion won a year earlier, the company said in a
regulatory filing.
Sales rose 48 percent to 1.43 trillion won over the cited period, and operating
income more than doubled to 94.6 billion won.
Shares of Doosan Heavy were trading at 85,500 won on the Seoul bourse as of 1:15
p.m., down 1.16 percent.
Doosan Heavy said it has won orders valued at 571 billion won in the first
quarter, and expected to win 8.85 trillion won worth of orders for the full year
at home and abroad.
It had a backlog worth 12.6 trillion won as of the end of March, representing
about four years of work.
sam@yna.co.kr
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