Kia Motors Corp. sees its first-quarter 2005 operating profit fall 89% from year-ago due to the strong won, higher material costs and slow sales at home. Operating profit for the quarter is 15.9 billion won ($15.9 million), down from 147.2 billion won ($147.0 million) in first-quarter 2004, says Reuters. However, net profit for the South Korean auto maker rose 16% to 193 billion won ($192.7 million) in the 3-month period ending March 31, up from 166.9 billion won ($166.7 million) ...
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