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Hyundai Motor's Net Earnings Plunge 28.32 in Q3


10/30/2014 9:56:30 AM

(MENAFN- Qatar News Agency) Seoul October 23 (QNA) - Hyundai Motor Co. South Korea's largest automaker said Thursday its net earnings for the third quarter plunged 28.3% on-year to 1.61 trillion won (US$1.53 billion) mainly due to unfavorable exchange rates that offset gains in sales.



The company said in a regulatory filing that operating profit also dropped 18% to a little under 1.65 trillion won in the same period but sales gained 2.2% to 21.28 trillion won according to South Korea's (Yonhap) News Agency.



Hyundai Motor said it sold 1128999 cars from July through September up 1.8% from the year before when sales hit 1109205 units. (QNA)


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