Daily Management Review

Hyundai Motor's net profit grows in Q1


Last quarter, Hyundai Motor's net profit attributable to parent company shareholders increased 16.8% year on year to 1.777 trillion won (about $1.43 billion), according to the firm.

The quarter's revenue was 30.299 trillion won ($24.5 billion), up 10.6% year on year. Operating profit grew by 16.4%, to 1.929 trillion won ($1.6 billion).

The number of vehicles sold in the first quarter was 952,000, down 7.7% year over year.

China had the largest reduction, down 1.4 times year on year, according to the business. Meanwhile, Hyundai's retail sales in Europe increased by 21.1 percent.

Hyundai Motor Company was established in 1967 and has been a part of the Hyundai Kia Automotive Group since 1999. The company's headquarters is in Seoul.

source: reuters.com