Samsung Heavy Q3 net rises 22 pct

SEOUL, Nov. 3 (Yonhap) -- Samsung Heavy Industries Co., South Korea's No. 2
shipbuilder, said Tuesday that its third-quarter earnings rose 22 percent from a
year earlier on increased demand for high-priced offshore facilities.

Net profit reached 222 billion won (US$188 million) in the July-September period,
compared with a profit of 182 billion won a year earlier, the company said in a
regulatory filing.
Sales increased 39 percent on-year to a record 3.62 trillion won, and operating
income surged 87 percent to 266 billion won, it said.
Shares of Samsung Heavy closed at 23,150 won on the Seoul bourse, unchanged from
the previous session's close. The third-quarter results were released after the
market closed.
sam@yna.co.kr
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