Hyundai Motors posts slump in Q1 profit and sales

Thursday, April 23, 2009, 14:13 [IST]

Seoul, Apr 23: Hyundai Motors have posted decline in the first quarter profit and sales due to the global auto slump.

Hyundai Motors Co. on Thursday, Apr 23 announced that its net profit has declined up to 42.7 per cent since the last year. The South Korean company has earned 225 billion this quarter which is much lower than the previous year's result of 392.7 billion.

The sales have fallen 26.4 per cent. This accounts for 6.03 trillion won from 8.20 trillion won the year before.

The company said that the worldwide vehicle sales have fallen up to 13.3 per cent in the quarter due to the decrease in global demand.

OneIndia News

Topics: hyundai motors, south korea, seoul, q1

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User Comments

Howard Rudolph 13 Jun 2009 11:50 pm

Idea for "Promotion" during this North Korean saber rattling. Offer a special for "Korean War Veterans" a Korean Veteran discount on Hyundais! Thanking for making South Korea free and able to be a great manufacturing nation.