Hyundai Motor, South Korea's biggest carmaker, posted a double-digit decline in its third-quarter operating profit, a regulatory filing showed Thursday.
Hyundai's operating profit plunged 76 percent over the year to 288.9 billion won (253.6 million U.S. dollars) in the July-September quarter.
It was the lowest quarterly earnings since a new accounting standard, or International Financial Reporting Standards (IFRS), was adopted in 2010.
Revenue rose 1 percent to 24.4 trillion won (21.4 billion U.S. dollars) in the September quarter, but net income dived 67.4 percent to 306 billion won (26.9 million U.S. dollars).
Hyundai's operating profit plunged 76 percent over the year to 288.9 billion won (253.6 million U.S. dollars) in the July-September quarter.
It was the lowest quarterly earnings since a new accounting standard, or International Financial Reporting Standards (IFRS), was adopted in 2010.
Revenue rose 1 percent to 24.4 trillion won (21.4 billion U.S. dollars) in the September quarter, but net income dived 67.4 percent to 306 billion won (26.9 million U.S. dollars).
Latest comments