(Bloomberg) -- Kia Motors Corp., South Korea's
second-biggest carmaker, reported its first profit in a year
after it increased sales of Opirus sedans and trimmed costs.
Net income in the three months ended June 30 rose 36
percent to 61.4 billion won ($67 million) compared with 45.1
billion won a year earlier, the Seoul-based automaker said in a
statement today. That was higher than the 43 billion won median
estimate in a Bloomberg survey of seven analysts. Sales dropped
7.3 percent to 4.14 trillion won.
Read more at Bloomberg Emerging Markets News
second-biggest carmaker, reported its first profit in a year
after it increased sales of Opirus sedans and trimmed costs.
Net income in the three months ended June 30 rose 36
percent to 61.4 billion won ($67 million) compared with 45.1
billion won a year earlier, the Seoul-based automaker said in a
statement today. That was higher than the 43 billion won median
estimate in a Bloomberg survey of seven analysts. Sales dropped
7.3 percent to 4.14 trillion won.
Read more at Bloomberg Emerging Markets News
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