UPDATE 2-Kia Motors Q4 profit rise beats forecasts

Newswire

(Adds details, company, analyst comments, shares) By Cheon Jong-woo, SEOUL, Jan 27 (Reuters) - Kia Motors Corp. , South Korea's second-biggest auto maker, reported a forecast-beating 84 percent rise in quarterly profit on Friday, helped by strong sales of new models and a big corporate tax refund. Kia, an affiliate of the country's top carmaker Hyundai Motor Co. , also forecast operating profit would rise more than ten-fold to 800 billion won ($825.6 million) in 2006, led by cost ...

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