World

S. Korea's Hyundai Motor logs record earnings in Q2

SEOUL
2024-07-25 17:33

Already collect



SEOUL, July 25 (Xinhua) -- South Korea's biggest automaker Hyundai Motor logged its highest-ever earnings in the second quarter due to strong global demand and favorable currency rates, the company said Thursday.

Operating profit increased 0.7 percent from a year earlier to hit a new quarterly high of 4.28 trillion won (3.1 billion U.S. dollars) in the April-June quarter.

Revenue gained 6.6 percent to reach a record high of 45.02 trillion won (32.6 billion dollars), and net income soared 24.7 percent to 4.17 trillion won (3 billion dollars).

The company recorded an operating profit margin of 9.5 percent in the second quarter.

Hyundai sold 1,057,168 vehicles worldwide in the second quarter, nearly unchanged compared to the same quarter of 2023.

Automotive sales in markets outside South Korea grew 2 percent to 871,431 units on solid demand for new models such as Santa Fe, Santa Fe Hybrid and Genesis GV80, but domestic car sales decreased 9.6 percent to 185,737 units.

Hyundai's global sales of electrified vehicles, including hybrids, plug-in hybrids, battery electric vehicles and fuel cell electric vehicles, rose 0.2 percent to 192,242 units in the second quarter from a year earlier.

The won/dollar exchange rate averaged 1,371 won per dollar in the second quarter, up 4.3 percent from a year ago.
Add comments

Latest comments

Latest News
News Most Viewed