April 17, 2024
Industrials
Doosan Infracore shares hit year-high
[THE INVESTOR] Stocks of Doosan Infracore shares traded at a yearly high on March 21 on expectations of improved business performance.
Doosan Infracore was changing hands at 10,100 won (US$9) on the Seoul bourse as of 1:30 p.m., up 1 percent from the previous session’s close.
Over the past five sessions, foreign investors bought some 696,000 Doosan Infracore stocks, with institutional investors purchasing some 446,000 stocks.
Last year, Doosan Infracore swung back into the black from a year earlier on improved business conditions and reduced costs in the wake of tough restructuring. Net profit reached 116 billion won last year, compared with a loss of 859 billion won a year earlier, it said earlier.
Doosan Infracore earlier expected to log an operating income of 505 billion won on sales of 6.1 trillion won this year, which mark a 2.8 percent and a 5.7 percent hike, respectively, from last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Doosan Infracore was changing hands at 10,100 won (US$9) on the Seoul bourse as of 1:30 p.m., up 1 percent from the previous session’s close.
Over the past five sessions, foreign investors bought some 696,000 Doosan Infracore stocks, with institutional investors purchasing some 446,000 stocks.
Last year, Doosan Infracore swung back into the black from a year earlier on improved business conditions and reduced costs in the wake of tough restructuring. Net profit reached 116 billion won last year, compared with a loss of 859 billion won a year earlier, it said earlier.
Doosan Infracore earlier expected to log an operating income of 505 billion won on sales of 6.1 trillion won this year, which mark a 2.8 percent and a 5.7 percent hike, respectively, from last year.
By Alex Lee and newswires (alexlee@heraldcorp.com)
