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Hyundai Motor Reports Significant Drop in Q2 Operating Profit
Hyundai Motor announced a 21% drop in its second-quarter operating profit, missing forecasts despite record revenue. The profit decline was attributed to slumping sales in key markets like China and Europe.
23 Jul, 05:39 — 23 Jul, 06:06
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channel-news-asia
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Sources
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Korea HeraldMostly Factual17d ago
Hyundai Motor Q2 profit falls despite record revenue
Hyundai Motor said Thursday that its second-quarter operating profit dropped about 21 percent as rising raw materials costs and production disruptions outweighed record-breaking revenue and robust demand for its hybrid vehicles. South Korea’s largest automaker reported an operating profit of 2.85 trillion won ($1.94 billion) for the April-June period, down 20.8 percent from 3.6 trillion won a year earlier. Revenue rose 1.9 percent to 49.22 trillion won, marking the highest quarterly figure in th
By The Korea Herald
Read full article →channel-news-asiaMostly Factual17d ago
Hyundai Motor reports 21% drop in Q2 operating profit, misses forecasts
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First report: channel-news-asia · 23 Jul, 05:39|Full coverage: 3 · 50m|Window: 50m
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