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Doosan Heavy Q1 Net Profit Down 38% on Foreign Exchange Loss

Doosan Heavy Q1 Net Profit Down 38% on Foreign Exchange Loss

SEOUL, April 26 (Korea Bizwire) – Doosan Heavy Industries Co., South Korea’s top power equipment maker, said Thursday its first-quarter profit fell 38 percent from a year earlier largely due to foreign exchange loss. Net profit reached 23.1 billion won (US$21.4 million) on a consolidated basis in the January-March period, compared with 37.4 billion won a year earlier, the company said in a regulatory filing. The company said foreign exchange loss and discontinued operation [...]

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

Doosan Heavy Bags 300 Bln-Won Deal to Upgrade Indonesian Power Plant

SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia.  Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]