(MENAFN) As sales declined in China, Hyundai Motor's biggest market, the South Korean behemoth reported the worst operating profit in five years, which fell 15.8pct to USD5.3 billion over 2015.
Accordingly, the figure was the lowest since the USD4.9 billion profit recorded in 2010, moreover gross profit was affected as it slipped 14.9pct to USD5.4 billion as opposed to 2014's registered numbers.
Local car sales, where Hyundai records a high profit margin, rose 4.2 percent in 2015 from year ago, but global sales, which reached 4,963,023 units, declined 0.6 percent on lower deliveries in China.
However, the firm plans to expand R&D investment in 2016 to secure future competitiveness in technology, also it will widen its line-up of SUVs which are seeing rising global demand.
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