Live
- Two Russian oil tankers with 29 on board damaged due to bad weather
- Telangana's Traditions Will Be Protected, Village by Village : BRS Leader MLC K. Kavitha
- Uganda to relocate 5,000 households from landslide-prone areas in eastern region
- Harish Rao Criticizes CM Revanth Reddy: "His Time is Over"
- Vijay Sethupathi Hails 'Vidudala-2' as a Theatrical Game-Changer
- Sahaj Yog: A Path to Inner Transformation and Harmony City takes giant strides
- Allu Arjun meets his uncle Nagababu at his residence
- J&K L-G felicitates Langar organisations & NGOs for contribution during Amarnath Yatra
- Hit by Covid, MP's Rakesh Mishra sees revival of his fortunes, courtesy PM SVANidhi scheme
- Trailblazing Yakshagana Artiste Leelavathi Baipaditthaya No More
Hyundai Motor's Q3 operating profit declines
Highlights
Hyundai Motor, South Korea\'s top carmaker, logged an 8.8 percent decline in its third-quarter operating profit, a regulatory filing showed on Thursday.
Seoul: Hyundai Motor, South Korea's top carmaker, logged an 8.8 percent decline in its third-quarter operating profit, a regulatory filing showed on Thursday. Operating profit reached 1.50 trillion won ($1.33 billion) in the three months ending September 30, down 8.8 percent from a year earlier, reported Xinhua.
Revenue increased 10.1 percent from a year earlier to 23.43 trillion won in the third quarter, but net income sank 25.3 percent to 1.21 trillion won. Despite strong auto sales, a rise in marketing costs and a volatility in the foreign exchange market resulted in the worse-than-expected earnings. Market expectations for the operating profit had been set at 1.59 trillion won for the third quarter.
Next Story
ADVERTISEMENT
