SOUTH KOREA: Hyundai record 86% rise in quarterly profits - report
Hyundai Motor on Monday reported a better-than-expected 86% rise in quarterly profit, boosted by exports of its more profitable XG luxury sedans and Sante Fe sport utility vehicles, Reuters reported. The news agency said analysts expect profits to rise further in the second half as an expected recovery in the domestic economy adds to robust exports, particularly to Europe where the strong euro has made Korean imports more competitive.
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