Hyundai Mobis Co., Korea’s largest auto parts maker, said Friday that its net earnings rose 11.5 percent in 2011 from a year earlier on brisk sales of auto parts amid record sales by local automakers.

Net profits came to 3 trillion won ($2.7 billion) last year from 2.7 trillion won in 2010, the company said in a regulatory filing.

Sales also rose 18.7 percent on-year to 26.3 trillion won from a year ago, and operating profit gained 6.7 percent to total 2.7 trillion won, the company said.

In the meantime, Daewoo Engineering & Construction Co., a leading Korean builder, said Friday its net income rebounded into positive territory in 2011, fueled by record high orders.

Net income came to 228.2 billion won ($203.4 million) last year, a turnaround from a 813.6 billion won loss a year earlier, the company said in a regulatory filing.

Sales rose 4.7 percent to 7.03 trillion won with operating profit reaching 367.3 billion won from a 987.5 billion won operating loss tallied in 2010.

The builder said orders topped 13.27 trillion won last year, up 13.5 percent from the 11.69 trillion won reported for the previous year. 

(Yonhap News)