Hyundai Motor on Thursday posted a sharp rise in first-quarter net profit amid brisk sales in overseas markets including China and the United States.
Net profit for the nation’s largest automaker was KRW1.87 trillion (US$1.7bn), up 47% from a year earlier, the company said in a regulatory filing cited by AFP.
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Operating profit climbed 45% to KRW1.83 trillion won while sales rose 21% to KRW18.23 trillion in January-March.
The company sold 919,000 vehicles at home and abroad in the first quarter, up 9.2% compared to a year earlier amid booming demand in China, where sales rose 29%.
Sales in the United States jumped 28% on solid performance of the new Avante, Hyundai said in a statement.
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