Large net loss for Samsung

Samsung Heavy Industries reportedly made a significant net loss in the third quarter ended 30 September 2019.

The loss of 583.2 billion won (US$500 million) was due to one-off costs related to a drillship order cancellation and bonus payments to its workers following a wage deal, reported the Yonhap News Agency.

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Published 13 November 2019, 19:28Updated 13 November 2019, 19:28
South KoreaSamsung Heavy IndustriesAsia & OceaniaEast Asia