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Hyundai Heavy posts Q3 loss of US$1.8b, expects worst year ever

Monday, November 3, 2014 - 05:50

Seoul

SOUTH Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of US$1.8 billion and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship