SOUTH KOREA: Kia Motors’ Q4 operating profit halves to US$377m
Kia Motors' operating profit dropped 51% year on year to KRW404.2bn (US$377m) in the fourth quarter ended 31 December 2012, from KRW826.9bn, as the South Korean won's gains eroded the value of exports. Net income declined 6.7% to KRW737.5bn.
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