Kia posts Q4 profit rises 5 pct; misses forecast

Newswire

SEOUL, Jan 28 (Reuters) - Kia Motors , South Korea's No.2 automaker, reported a 5 percent rise in its fourth-quarter profit on Friday, fueled by continued strong sales of new models at home and abroad. Kia, an affiliate of Hyundai Motor , made a 631 billion won ($566.6 million) net profit for the quarter ended December, missing a consensus forecast of 675.2 billion won from Thomson Reuters I/B/E/S. This compared with 604 billion won a year ago and 667 billion won in the third quarter of ...

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