Thread: Hyundai Motor reports sharp rise in profits

Hyundai Motor, South Korea's No.1 automaker, posted 2.28 trillion won ($2 billion) in operating profit for the first quarter, a regulatory filing showed on Thursday.

Consolidated operating profit, which includes profits from overseas affiliates, reached 2.28 trillion won during the January-March period, up 24.9 per cent from a year earlier, according to the regulatory filing. From three months before, the profit expanded 7.3 per cent.

Sales advanced 10.6 per cent on-year to 20.16 trillion won in the three months ending March 31, and net income amounted to 2.45 trillion won, up 30.6 per cent from the same period last year, reported Xinhua.