Kia turns to Q1 op profit on won, local sales

Newswire

SEOUL, April 25 (Reuters) - Kia Motors Corp , South Korea's No. 2 auto maker, said on Friday it swung to a first quarter operating profit, aided by solid sales in the higher-margin local market. Kia, an affiliate of the country's top car maker Hyundai motor Co , posted a 102 billion won ($102.4 million) operating profit in the first quarter, beating a 30 billion won profit forecast by eight analysts in a Reuters poll. That compared to a 73.7 billion won operating loss a year ago and a 97.7 ...

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