Seoul-listed HMD logged a gain of KRW 10.9bn ($9.40m) in the three months to the end of June, a period for which parent Hyundai Heavy Industries and rivals Samsung and DSME all recorded major losses.
HMD, which has been on an order run in the past weeks, saw operating profit come in at KRW 15.5bn for the three months to the end of June.
This lagged the KRW 28.3bn Bloomberg consensus.
In the past week TradeWinds has report HMD to have won contracts for four firm and 12 optional products tankers from Scorpio Tankers and a near $100m LPG carrier order.
Unlike the yards reporting losses today, HMD has remained focused on merchant shipbuilding rather than the now depressed offshore sector.
