Samsung Heavy Q2 Net Profit Down 26%

Samsung Heavy Industries posted a 26% y/y drop in its second-quarter consolidated net profit. Its quarterly consolidated net profit fell to KRW193.1 billion, versus KRW262.5 billion, in the year-ago period. Samsung Heavy's operating profit fell 22% to KRW264.3 billion, versus KRW339.1 billion. Its sales climbed 6.0% to KRW3.352 trillion, versus KRW3.162 trillion.