Hyundai Motor Q1 profit up 47 pct on new models

Newswire

SEOUL, April 28 (Reuters) - South Korea's Hyundai Motor reported a 47 percent jump in quarterly net profit, driven by strong demand for its new models as its Japanese rivals grapple with the aftermath of the March 11 earthquake and tsunami. Hyundai, the world's fifth-biggest carmaker along with affiliate Kia Motors , on Thursday reported a 1.88 trillion won ($1.75 billion) net profit for January-March, up from 1.28 trillion won a year ago. Hyundai was reporting earnings on a consolidated ...

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