Hyundai Heavy's H1 orders surge 82 pct

SEOUL, July 15 (Yonhap) -- Hyundai Heavy Industries Co., South Korea's leading shipbuilder, said Friday that the value of its orders won in the first half of the year jumped 82 percent from a year earlier due to increased demand for large and high-priced ships.
Hyundai Heavy clinched US$18.1 billion of new orders in the January-June period, compared with $9.9 billion a year earlier, the company said in a regulatory filing.
Specifically, the shipbuilder won shipbuilding orders valued at $8.5 billion in the first half, compared with $1.7 billion a year earlier. Hyundai Heavy also clinched deals worth $3.2 billion to build offshore facilities, up 21 percent from a year earlier, it said.
The company did not reveal its first-half sales and operating income. The shipyard is expected to report its second-quarter earnings early next month.
In the first three months of the year, Hyundai Heavy reported a profit of 903 billion won, up 21 percent from a year earlier on increased new orders.
Shares of Hyundai Heavy closed at 463,000 won on the Seoul bourse, up 0.87 percent.