Hyundai Motors records higher operating profits of US$ 718 mil. for Q1

Arirang News 2019-04-24

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현대차, Q1 영업익 8249억으로 21% 증가…신차 효과

Hyundai Motors has recorded operating profits of 718-million U.S. dollars for the first quarter of this year,... up 21 percent from the same period last year.
The said on Wednesday that it had 20-point-8 billion dollars of gross sales -- an on-year increase of 7 percent.
It owed its good performance to the success of its recently-released Palisades SUV and Genesis G90 sedan.
Although domestic sales saw a near nine percent increase with 184-thousand cars,... sales abroad were down 5 percent with 837-thousand.
The biggest drop in sales was in China,... where 131-thousand cars were sold -- around 20 percent fewer than the previous year.
Hyundai Motors has decided to shut down one of its factories in Beijing due to the sales slump.

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