Hyundai Motor Q2 net profit rises 31.2pc

New models boost domestic sales

Published: July 22, 2019 11:38:32 | Updated: July 23, 2019 13:11:30

The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France on October 2, 2018 — Reuters photo

South Korea’s Hyundai Motor on Monday said second-quarter (Q2) net profit climbed 31.2 per cent, as a weaker local currency helped lift US income, while new models boosted domestic sales.

April-June profit reached 919.3 billion won ($780.44 million), from 700.6 billion won in the same period a year earlier. The result compared with the 1.03 trillion won average of 18 analyst estimates compiled by Refinitiv, reports Reuters.

Operating profit rose 30.2 per cent to 1.24 trillion won while revenue went up 9.1 per cent to 26.97 trillion won, the automaker said in a stock exchange filing.

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