Hyundai Motor Q2 profit up 10 pct, meets market forecasts

Newswire

SEOUL, July 26 (Reuters) - South Korea's Hyundai Motor posted a 10 percent rise in quarterly net profit, meeting market forecasts, as it produced strong global sales in the face of sluggish markets in Europe and China. Hyundai, the world's fifth-biggest car maker along with affiliate Kia Motors, reported on Thursday a 2.55 trillion Korean won ($2.22 billion) net profit for the April to June quarter, compared with an average forecast of 2.52 trillion won, according to ...

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