Hyundai Engineering and Construction Aims for Record Profits
Hyundai Engineering & Construction (HEC) said it aims to record net profit this year, The firm hopes for a 68 percent increase over 2004.
The leading South Korean builder said it has set sales targets at 4.49 trillion won, down 5.1 percent, with operating profit targeted at 394.1 billion won, up 25 percent.
Hyundai seeks to secure 7.8 trillion won in new orders this year, up 7.8 percent from the year prior.
Following the split up of Chung Jung Yu's Hyundai Group, HEC, the former parent company for the Korean conglomorate was led by the founder's son, M.H. Chung. M.H. committed sucide in 2003 and his wife, Hyun Jeong-eun dispite the threat of take-over by rivall family members, now leads the company.
The leading South Korean builder said it has set sales targets at 4.49 trillion won, down 5.1 percent, with operating profit targeted at 394.1 billion won, up 25 percent.
Hyundai seeks to secure 7.8 trillion won in new orders this year, up 7.8 percent from the year prior.
Following the split up of Chung Jung Yu's Hyundai Group, HEC, the former parent company for the Korean conglomorate was led by the founder's son, M.H. Chung. M.H. committed sucide in 2003 and his wife, Hyun Jeong-eun dispite the threat of take-over by rivall family members, now leads the company.
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