Hyundai Heavy Jumps After Posting Biggest Profit in 3 Years

Updated on
  • Quarterly earnings benefited from cost cuts, oil-refining
  • Daiwa Securities, Citigroup raise recommendations on stock

Hyundai Heavy Industries Co. gained the most in more than a year in Seoul trading after the world’s largest shipbuilder posted its biggest quarterly profit since 2013.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.