SEOUL, Feb. 7 (Yonhap) -- Daewoo Engineering & Construction Co. said Wednesday it swung to a net profit in 2017 from a year earlier.
For the whole of 2017, Daewoo E&C shifted to a net profit of 264.44 billion won (US$245 million) from a net loss of 754.93 billion won a year earlier, the company said in a regulatory filing.
The builder also shifted to an operating profit of 437.34 billion won last year from an operating loss of 467.24 billion won in the previous year. Sales rose 6 percent to 11.767 trillion won from 11.106 trillion won during the same period, it said.
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