Kia Motors’ results suffer from three-week strike at home

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Kia Motors’ results suffer from three-week strike at home

Kia Motors reported that profits missed estimates after a three-week strike cut production and a stronger won curbed the company’s competitiveness in the U.S.

Third-quarter net income rose 8.9 percent to 903.3 billion won from 829.5 billion won a year earlier, the company said yesterday. That missed the 943.5 billion won average of 31 analysts’ estimates compiled by Bloomberg.

Bloomberg
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