Seoul, April 27 (IANS) Hanwha Systems Co., the defense solutions arm of Hanwha Group, said on Monday it swung to a net loss in the first quarter from a year earlier, citing substantial equity losses tied to its US shipyard investment.For the three months ended March, the company reported a net loss of 95.75 billion won ($65 million), compared with a net profit of 24.36 billion won a year earlier, reports Yonhap news agency.The decline was largely attributed to increased equity losses from Hanwha…
Latest Hanwha Ocean Co. News & Updates
Seoul, Feb 5 (IANS) South Korea’s Defence Minister Ahn Gyu-back on Thursday held talks with Stephen Fuhr, Canada’s secretary of state for defence procurement, in Seoul to discuss arms cooperation, the defence ministry said, as Seoul seeks to win a major deal to supply naval submarines to Canada. The meeting came as Fuhr is in South Korea for a weeklong trip that includes visits to South Korean shipyards and defence firms. His trip comes as Ottawa is set to pick a supplier for the Canadian Patrol…