UPDATE 3-Hyundai Mtr Q1 net up, operating profit slumps

Newswire

(Updates shares to close) By Kim Kyoung-wha SEOUL, April 28 (Reuters) - Hyundai Motor Co. , South Korea's top auto maker, posted a surprise 14 percent jump in first-quarter profit on Thursday on better-than-expected contributions from its Chinese and Indian operations. But operating profit tumbled by almost a third, hit by a strong won , higher steel prices and a sluggish local economy that could continue to undermine its performance, sending its shares down 2 percent to a four-month ...

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