Hyundai Motor Q2 net profit rises 31.2%
New models boost domestic sales
South Korea's Hyundai Motor Co on Monday said that second-quarter net profit climbed 31.2%, as a weaker local currency helped lift US income, while new models boosted domestic sales.
April-June profit reached 919.3 billion won ($780.44 million, from 700.6 billion won in the same period a year earlier. The result compared with the 1.03 trillion won average of 18 analyst estimates compiled by Refinitiv.
Operating profit rose 30.2% to 1.24 trillion won while revenue went up 9.1% to 26.97 trillion won, the automaker said in a stock exchange filing.
