Hyundai Motor affiliate Kia Motors second-quarter net profit jumped 7.8% from a year earlier on the back of brisk overseas sales – mainly in China.

Net profit in the April-June period surged to KRW1.18 trillion (US$1.06bn) from KRW1.09 trillion won a year ago, news agency AFP reported.

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Sales were up 4.5% year on year to KRW13.1 trillion while operating profit fell 8.5% to KRW1.1 trillion.

China accounted for some 19% of total sales in the quarter.

But the company warned that falling growth in car sales worldwide, a possible ending of quantitative easing in the US and a slowing Chinese economy posed risks for the rest of the year.

Kia said it would increase prices to improve profitability while it also plans to launch two models at home and increase purchase incentives for current models in China.

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