Hyundai Motor sees its Q1 earnings climb over 30 percent

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Hyundai Motor sees its Q1 earnings climb over 30 percent

Hyundai Motor said yesterday its first-quarter earnings jumped 30.6 percent from a year earlier on strong sales in overseas markets.

Net profit reached 2.45 trillion won ($2.15 billion) in the January-March period, compared with 1.87 trillion won a year earlier. Sales rose 10.6 percent on-year to 20.16 trillion won in the three-month period, with operating profit jumping 24.9 percent to 2.28 trillion won.

Overseas sales reached 917,879 units in the same quarter, up 22 percent from the corresponding period a year earlier. Domestic demand contracted 7.1 percent on-year to 154,800 units.

Yonhap

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