Hyundai Cement posts better revenues but net losses increase

South Korean cement producer Hyundai Cement Co Ltd saw improved revenues in 2016, rising from KRW363.19bn (US$319m) in 2015 to KRW378.86bn, according to the country’s  Financial Supervisory Service.

Operating profit rose 1.6 per cent from KRW52.52bn to KRW53.37bn, but net losses increased from KRW10.98bn to KRW143.46bn. These are preliminary, unaudited results.