Mexican Media Brands
Hyundai Net Income Jumps 31%
Hyundai Motor Co. reported net profit of 2.45 trillion won ($2.2 billion) for the first quarter of this year compared with 1.88 trillion ($1.7 billion) won in the same period of 2011.
#economics
Share
Hyundai Motor Co. reported net profit of 2.45 trillion won ($2.2 billion) for the first quarter of this year compared with 1.88 trillion ($1.7 billion) won in the same period of 2011.
Revenue rose 11% to 18.23 trillion won ($16 billion) as global sales advanced 17% to 1.1 million vehicles.
Companywide operating profit climbed 25% to 2.28 trillion won ($2 billion), which includes a 42% surge to 1.51 trillion won ($1.3 billion) at the automotive unit.
Hyundai outperformed shrinking car markets in Europe and China with unit sales gains of 13% and 7%, respectively. The company now expects to surpass its full-year European sales target of 465,000 vehicles, an increase of more than 15% from last year.
Hyundai raised its 2012 growth forecast for the global auto market to nearly 6% from the 4% it predicted in January.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.