UPDATE 1-S.Korea's Kia Motors Q4 profit beat forecasts

Newswire

(Adds 2006 targets, shares) SEOUL, Jan 27 (Reuters) - Kia Motors Corp. , South Korea's second-biggest auto maker, reported a surprise 84 percent rise in quarterly profit on Friday, as strong sales of new models offset the impact of a firmer won and a strike by contract workers. Kia, an affiliate of the country's top carmaker Hyundai Motor Co. , also forecast its operating profit would rise more than ten-fold to 800 billion won ($825.6 million) in 2006, helping send its shares up as much ...

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