Hyundai Mobis’s net is flat after overseas spendingHyundai Mobis, Korea’s leading auto parts maker, earnings in the second-quarter fell 1.6 percent from a year earlier due to increased spending on new overseas plants.
Net income came to 884 billion won in the April-June period, compared with a profit of 898.3 billion won from a year ago. Sales jumped 17.3 percent on-year to 7.7 trillion won, while its operating income slid 3.9 percent to 705.5 billion won.
More in Industry
Buffet restaurants adapt to pandemic by nixing the buffets
Sale of Doosan Infracore stake could be opportunity for Hyundai Heavy
Volvo XC60 ranks No. 1 for residual value in Encar study
Binggrae to scoop up ice cream competitor after FTC approves merger
LG accepting orders for rollable, $85K television