Hyundai Profit Comes At An Opportune Time

South Korean carmaker Hyundai Motor has reported a record profit for Q409, at a time when it could stand to gain from the woes of rivals such as Toyota Motor. Strong performances in key markets such as China and the US resulted in a 9.3% year-on-year (y-o-y) increase in sales to KRW9.65trn (US$8.4bn) and a 44% y-o-y rise in operating profit to KRW837.2bn (US$727mn), while net profit was almost four times higher at KRW945.5bn (US$821mn).

To read the full article, please choose one of the following options: