INSTANT VIEW 2-Hyundai Motor Q2 profit up 37 pct; beats forecasts

Newswire

SEOUL, July 28 (Reuters) - South Korea's Hyundai Motor posted a 37 percent rise in quarterly net profit, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake. Hyundai, the world's fifth-biggest carmaker along with affiliate Kia Motors , on Thursday reported a 2.3 trillion won ($2.2 billion) net profit for the April to June quarter, compared with a consensus forecast of 2.1 trillion ...

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