S.Korea Kia Q2 net beats fcast on high-end sales

Newswire

SEOUL, July 27 (Reuters) - Kia Motors Corp. , South Korea's No.2 auto maker, reported a surprise 36 percent rise in quarterly profit on higher valuation gains in affiliates and brisk sales of higher-end models at home. Kia, an affiliate of the country's top auto maker Hyundai Motor Co. , posted a net profit of 61.4 billion won ($66.88 million) in the second quarter ended June 30, beating a 42.5 billion won profit forecast by nine analysts polled by Reuters. That compared with 45.1 ...

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