Hyundai Mo­tor’s Q3 profit tum­bles

China Daily (Canada) - - BUSINESS -

HyundaiMo­tor, South Korea’s big­gest au­tomaker, saw­its third-quar­ter op­er­at­ing profit post a dou­ble-digit de­cline as global eco­nomic slow­down and sag­ging do­mes­tic de­mand re­duced car sales at home and abroad. Op­er­at­ing profit was 1.07 tril­lion won ($940 mil­lion) in the three months end­ing Sept 30, down 29 per­cent from the same pe­riod last year, the com­pany said in a reg­u­la­tory fil­ing. Rev­enue de­clined 5.7 per­cent from a year ear­lier to 22.08 tril­lion won in the July-Septem­ber pe­riod, and net in­come slumped 7.2 per­cent to 1.12 tril­lion won.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.