Hyundai Motor's 2Q profit dips due to strong won
Jul 24 2014 , Seoul
The South Korean automaker said today it earned $2.2 billion for the April-June period, compared with $2.4 billion a year earlier. The figure was in line with expectations.
Operating income dropped 13 per cent to $2.0 billion while sales declined 2 per cent to $22.13 billion.
It sold 2.5 million vehicles during the first six months of this year, up 4 per cent from the previous year.
Despite selling more cars, Hyundai said its bottom line was hit by the sharp rise of the South Korean won.