Hyundai profit up 10pc on overseas sales

AP, The West Australian July 26, 2012, 2:25 pm

Hyundai profit up 10pc on overseas sales

Hyundai Motor says its second quarter net profit has risen 10 per cent, driven by demand for its vehicles in overseas markets.

South Korea's largest carmaker said today it earned 2.5 trillion won ($A2.1 billion) in the three months ended June 30. The quarterly figure was slightly higher than market consensus.

Hyundai said its second quarter revenue grew nine per cent to 21.9 trillion won while its operating profit was 18 per cent higher over a year earlier at 2.5 trillion won.

The company said auto sales in Europe and the United States grew more than 10 per cent during the first half of this year, offsetting lower sales in South Korea.

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