
South Korea's largest carmaker Hyundai Motor said Thursday its second-quarter net profit rose 10.4 percent from a year earlier thanks to strong overseas sales. Consolidated net profit was 2.55 trillion won ($2.22 billion) in April-June, compared with 2.3 trillion won a year earlier, the company said. Sales rose 9.2 percent year-on-year to 21.94 trillion won and operating profit climbed 18 percent to 2.5 trillion won. Favourable exchange rates absorbed the impact of sluggish domestic sales, the company said, adding it also benefited from higher product prices and lower steel costs. Total first-half sales rose 11.5 percent from a year earlier to 2.18 million units, or 51 percent of its annual target of 4.29 million. First-half domestic sales declined 4.6 percent to 327,963 but overseas sales were up 14.9 percent at 1.85 million. Hyundai predicted steady growth in the second half thanks to robust overseas sales, especially in the United States and Europe.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor