Profitability of local shipbuilders was found to have been much worsened in the third quarter of this year. According to recent data analyzed by the Korea Metal Journal on the local firms listed at the Korea Stock Exchange, sales by five major large-size shipbuilders posted an average growth of 14.0 percent in sales from January through September this year compared with the same period last year, but their operating income and net profit dived 79.8 percent and 35.3 percent, respectively, in the same comparison.
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