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Hyundai Motor posts operating profit

Seoul, July 26 (IANS) Hyundai Motor, South Korea’s No.1 automaker, posted 2.5 trillion won ($2.18 billion) in operating profit for the second quarter, a regulatory filing showed Thursday.

Consolidated operating profit, which includes profits from overseas affiliates, reached 2.5 trillion won during the April-June period, up 17.7 percent from a year earlier, according to the regulatory filing. From three months before, the profit expanded 9.6 percent, reported Xinhua.

Sales advanced 9.2 percent year-on-year to 21.94 trillion won in the three months ending June 30, and net income amounted to 2.55 trillion won, up 10.4 percent from the same period last year.

The Daily News Post India (tdnpost)

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