Hyundai Elevator Co., South Korea's No. 1 lift and escalator manufacturer, said Friday that its net losses reached 342.7 billion won (US$322.9 million) in 2013. The company, which enjoyed a market share of 45.3 percent, said in a consolidated financial statement that its annual sales grew 16.4 percent on-year to a little over 1.06 trillion won, with operating profits surging 100.1 percent to 98.6 billion won.