Hyundai Motor , The country's largest automaker, reported yesterday that net profit rose 46.5 percent in the first quarter to 1.87 trillion won (1.74 billion), surpassing the result market expectations . Sales rose 21.4 percent to ₩ 18.23 trillion in operating profit increased 45.6 percent to 1.83 trillion won. It sold 919 130 Car January-March period, including 752,466 cars abroad to 11.6 percent from the previous year.
The first quarter results for the first time according to the company introduced International Financial Reporting Standards. Hyundai said it also benefited from the increasing incidence of capital investments
The first quarter results for the first time according to the company introduced International Financial Reporting Standards. Hyundai said it also benefited from the increasing incidence of capital investments
Lee Won-hee, chief financial officer of Hyundai Motor, the volume of sales expected United States a slight increase this year from earlier projections. "Initially it is expected that U.S. demand for cars to reach 12.8 million vehicles this year, but is expected to be able to rise to 13 million units, "He said.
Lee added that Hyundai Motor has no immediate plans to build a second plant in the U.S., although it can be seen in the long term.
Hyundai executive said he will not be affected by disruptions in the supply of components caused by the recent earthquake, the Japanese as an alternative source of motor sources.Hyundai not expect to increase sales due to lower production Japanese manufacturers affected by the disaster with global car demand has been growing.
Lee added that Hyundai Motor has no immediate plans to build a second plant in the U.S., although it can be seen in the long term.
Hyundai executive said he will not be affected by disruptions in the supply of components caused by the recent earthquake, the Japanese as an alternative source of motor sources.Hyundai not expect to increase sales due to lower production Japanese manufacturers affected by the disaster with global car demand has been growing.
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