Hyundai Motor Reports Q3 Operating Profit Growth Driven by North American and Indian Markets
Hyundai Motor reported a rise in third-quarter operating profit to KRW 2.68 trillion, representing a 5.5% year-over-year increase. This performance exceeded market expectations, surpassing the LSEG SmartEstimate of KRW 2.4 trillion. The growth was primarily supported by strong sales performance in North America and India. Despite the rise in operating profit, the company's net profit saw a significant decline of 24% year-over-year, falling to KRW 1.93 trillion ($1.45 billion). Additionally, total revenue decreased by 3.4% compared to the previous year, dropping from KRW 46.72 trillion to KRW 45.11 trillion.
