South Korean fabricators Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries have reported profitable earnings in the third quarter of 2017.

Daewoo made net income of 45.7 billion won (US$41 million) in the three months ended 30 September 2017 compared to a net loss of 284 billion won one year earlier.

Daewoo is better off than last year following a rescue package from the South Korean government earlier this year.