SEOUL, April 25 (Reuters) - Kia Motors Corp , South Korea's No.2 auto maker, expects to post a net profit as early as the end of the first half, a company official said on Friday. "On net profit, if the won falls further ... it may cause foreign currency losses. We may show a turn around as early as the end of the first half if the won stays at the current level," Kim Deuk-ju, a director of its treasury group told reporters. Kia posted a first-quarter net loss of 24.8 billion won ($24.90 ...
Premium Content (PAID Subscription Required)
"Kia Motors may post net profit by end-H1 -executive" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642