(LEAD) HD Hyundai Q3 net profit up 40 pct to 1.38 tln won

What happened: HD Hyundai Co. reported its third-quarter net profit rose 40 percent from a year earlier, driven by its shipbuilding, machinery and energy businesses. Key numbers: Net profit 1.38 trillion won (US$1 billion) versus 986.9 billion won a year earlier. Why it matters: The company attributed the results to strong performances across its businesses, with shipbuilding supported by demand for high-value vessels and improved profitability, and Oilbank results reflecting changes in refining margins and market conditions tied to Middle East geopolitical tensions.

HD Hyundai Co. reported its third-quarter net profit rose 40 percent from a year earlier, driven by its shipbuilding, machinery and energy businesses.

The company attributed the results to strong performances across its businesses, with shipbuilding supported by demand for high-value vessels and improved profitability, and Oilbank results reflecting changes in refining margins and market conditions tied to Middle East geopolitical tensions.