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S.Korean Hyundai Motor's operating profit hits record high in Q2

SEOUL
2022-07-21 13:06

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SEOUL, July 21 (Xinhua) -- Hyundai Motor, South Korea's biggest automaker, logged the highest operating profit in the second quarter, the company said Thursday.

Consolidated operating profit hit a record high of 2.98 trillion won (2.27 billion U.S. dollars) in the April-June quarter, up 58 percent from the same quarter of last year.

It topped the previous high of 2.54 trillion won (1.9 billion U.S. dollars) tallied in the second quarter of 2012, beating market expectations of about 2.4 trillion won (1.8 billion U.S. dollars).

Revenue jumped 18.7 percent from a year earlier to reach a new high of 36 trillion won (27.4 billion U.S. dollars) in the second quarter. The prior record-high revenue was 31 trillion won (23.6 billion U.S. dollars) in the fourth quarter of last year.

Net income, including non-controlling interest, surged 55.6 percent to 3.08 trillion won (2.35 billion U.S. dollars) in the second quarter.
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