UPDATE 1-Hyundai Motor Q1 profit up 47 pct on new models


* Q1 net profit 1.88 trln won vs 1.28 trln won year go * Strong global sales of new models, market recovery lift earnings * Hyundai, Kia biggest beneficiaries from Japan's output slump-analysts (Adds background) SEOUL, April 28 (Reuters) - South Korea's Hyundai Motor Co reported a 47 percent rise in quarterly net profit on Thursday, driven by strong global demand for its new models and as its Japanese rivals grapple with the aftermath of the March 11 earthquake and tsunami. Hyundai, ...

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