DSME income rises 44% as deliveries reach record

DAEWOO Shipbuilding and Marine Engineering has announced a 44% increase in 2009 net income to Won577bn ($492.8m) as deliveries jumped by more than half and it contracted more orders than any other yard.

The South Korean shipbuilder reported a 12% climb in revenues to Won12.4trn in 2009, compared with 2008 sales of Won11.1trn, in a financial statem...

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