Press Esc to close
Monday 20 April 2015
News updated at 2:48 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

Hyundai Motor Q3 profit up 13 percent, meets forecasts

SEOUL, Oct 25, 2012, (Reuters) -

South Korea's Hyundai Motor Co reported July-September net profit of 2.17 trillion won, an increase of 13 percent and in line with market forecasts, with growth held back by labour strikes in South Korea even as overseas sales rose.

A Reuters poll of 13 analysts had predicted on average a net profit of 2.13 trillion won for Hyundai, which with affiliate Kia Motors is the world's fifth-biggest car maker.

Net profit in the year-ago period was 1.92 trillion won, while Hyundai earned 2.55 trillion won in the second quarter.

The industrial action in South Korea in July and August was Hyundai's costliest ever - with lost production of more than 82,000 cars worth $1.5 billion. Hyundai has almost half its global production in South Korea.

Shares in Hyundai Motor last traded more than 2.5 percent higher after the results on Thursday.

The stock slumped more than 13 percent this month to Wednesday's close, while the benchmark index lost 4 percent. Over the same period, major Japanese rivals Honda Motor Co Ltd, Nissan Motor Co Ltd and Toyota Motor Corp gained around 7 percent, 4 percent and 2 percent respectively.


Go to Top

Photo Gallery
Narendra Modi talking with BJP veteran LK Advani during 'Garib Kalyan Yojana',...

Narendra Modi talking with BJP veteran LK Advani during 'Garib Kalyan Yojana',...

A view of the Kedarnath Shrine before it reopens on April 24 for general public...

A view of the Kedarnath Shrine before it reopens on April 24 for general public...

Snowed down surroundings of Kedarnath Shrine before it reopens on April 24 for general public...

Snowed down surroundings of Kedarnath Shrine before it reopens on April 24 for general public...

Sania Mirza (C) with Prarthana G. Thombare (3rd from R) and other team members...

Sania Mirza (C) with Prarthana G. Thombare (3rd from R) and other team members...

VK Singh interacts with people rescued as part of Operation Raahat...

VK Singh interacts with people rescued as part of Operation Raahat...

Rahul Gandhi helps  Kiran Chaudhary off the stage after she stumbled and hurt herself...

Rahul Gandhi helps Kiran Chaudhary off the stage after she stumbled and hurt herself...

Sonia Gandhi talks to Rahul Gandhi on stage during the farmers rally...

Sonia Gandhi talks to Rahul Gandhi on stage during the farmers rally...

RJD chief Lalu Prasad during Prajapati Rajnitik Chetna Rally at Gandhi maidan in Patna...

RJD chief Lalu Prasad during Prajapati Rajnitik Chetna Rally at Gandhi maidan in Patna...

Bollywood actor Madhuri Dixit at the Colors Leadership Awards 2015...

Bollywood actor Madhuri Dixit at the Colors Leadership Awards 2015...

Young Buddhist Monks offer special prayers at the Mahabodhi Temple in Bodhgaya...

Young Buddhist Monks offer special prayers at the Mahabodhi Temple in Bodhgaya...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523