Daewoo profits up

Daewoo Shipbuilding Marine Engineering (DSME), the world's No.2 shipbuilder, announced that its second-quarter profit rose 12% as gains in sales of newbuildings were bolstered by currency hedges. Net income rose to $78 million in the three months up to June 30 from $70.1 million last year while sales rose 4.1% ...

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