0546 GMT - Hyundai Engineering & Construction could post below-consensus 2Q earnings partly due to increased costs for safety and quality-control measures at housing construction sites in South Korea, Mirae Asset Securities analyst Kim Ki-ryong writes in a note. The company's operating profit is forecast to have risen 36% on year to 201 billion won for the April-June period, missing the market consensus estimate of 227 billion won, Kim says. Still, he expects Hyundai's earnings to improve gradually in 2H for a profit turnaround in 2025. He is positive about Hyundai's ongoing joint bids with its U.S. partners, such as Holtec International and Westinghouse Electric, to build nuclear power plants overseas. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
July 11, 2025 01:46 ET (05:46 GMT)
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