Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[EQUITIES] LIG Investment & Securities forecasts lower earnings for Hyundai Motor
By Korea HeraldPublished : July 14, 2016 - 16:29
[THE INVESTOR] LIG Investment & Securities on July 14 said Hyundai Motor’s second-quarter earnings would fall below market estimates.
Operating profit for the world’s fifth-largest automaker declined 3.3 percent to 1.7 trillion won (US$ 1.48 billion), while sales rose 5.2 percent to 23.9 trillion won.
Hyundai Motor’s global sales rose 4.3 percent in the second quarter, while domestic sales increased 4.9 percent.
But the automaker is suffering from falling exports, mainly on the back of declining Hyundai sales in emerging markets such as South America and the Middle East.
Consequently, domestic car production fell 7.4 percent.
By Kim Ji-hyun (jemmie@heraldcorp.com)
Operating profit for the world’s fifth-largest automaker declined 3.3 percent to 1.7 trillion won (US$ 1.48 billion), while sales rose 5.2 percent to 23.9 trillion won.
Hyundai Motor’s global sales rose 4.3 percent in the second quarter, while domestic sales increased 4.9 percent.
But the automaker is suffering from falling exports, mainly on the back of declining Hyundai sales in emerging markets such as South America and the Middle East.
Consequently, domestic car production fell 7.4 percent.
By Kim Ji-hyun (jemmie@heraldcorp.com)
-
Articles by Korea Herald
