(Bloomberg) -- Hyundai Motor Co., South Korea's biggest automaker, posted an unexpected 10 percent fall in first- quarter profit, the fifth straight decline, as a stronger won compounded a slump in sales of Sonata sedans and other models.
Net income was 307.4 billion won ($330 million) in the three months ended March 31, compared with 342.4 billion won a year earlier, the Seoul-based automaker said in a statement today. That was less than the 363.9 billion won median estimate in a Bloomberg News survey of nine analysts. Sales fell 2.6 percent to 6.68 trillion won.
Read more at Bloomberg Emerging Markets News
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