(MENAFN) South Korea"s Hyundai Motor profit was lower than expected in the first quarter of 2014, posting 2.9 percent drop compared to the same period 2013 affected by the strong won, according to Oman Observer.
The company said that its net profit reached USd1.9 billion in the first quarter of 2014.
However, car sales boosted by 1.3 percent, and operating profit increased 3.7 percent.
The firm said it sold 1.22 million cars globally in the three months, up from 1.17 million from a year ago.
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