Hyundai Motor's net profit drops for 9th consecutive quarter; reports 12% fall
The company's sales dipped heavily in China and took a toll on its net profit for Q1
A car dealer stands in front of the logo of Hyundai Motor at its dealership in Seoul, South Korea, April 25, 2016. Photo: Reuters/Kim Hong-Ji
Hyundai Motor reported a 12% fall in net profit for the January to March period, as the South Korean automaker suffered slumping sales in China.
Hyundai Motor, the world's fifth-biggest automaker together with affiliate Kia Motors, posted on Tuesday a net profit of 1.69 trillion won ($1.47 billion) for the first quarter, compared with the 1.46 trillion won average estimate of 14 analysts polled by Thomson Reuters I/B/E/S.
This marks its ninth consecutive quarterly profit drop.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
Updated: Tue, Apr 26, 2016
11:18 AM IST
11:18 AM IST
Seoul, Reuters
RELATED NEWS