logo
Share SHARE
FONT-SIZE Plus   Neg

Hyundai Motor March Sales Rise - Update

South Korean automaker Hyundai Motor Co., Ltd. (HYUD.L,HYMLF.PK) Monday reported a 17.9 percent growth in total sales for the month of March 2012, helped by strong overseas sales.

Total sales during the month increased to 382,659 units from 324,473 units in the previous year. Sales increased 6 percent over the month of February.

Overseas sales increased 24.4 percent to 326,637 units from 262,541 units a year ago and sales grew 6.3 percent from the previous month. Domestic sales declined 9.5 percent year-over-year to 56,022 units, while sales improved 4.4 percent from the preceding month.

Year-to-date, total sales increased 16.4 percent to about 1.07 million units, with 21.6 percent increase in overseas sales and a 7.1 percent drop in domestic sales.

In January end, Hyundai Motor reported a 38 percent increase in profit for the fourth quarter, helped by higher overseas sales.

Hyundai is currently trading at 240,000, up 3 percent, on the Kospi on a volume of 732 thousand shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Shares of Apple Inc. (AAPL) gained 5 percent in extended trading session after the tech giant reported a third-quarter profit and revenues that trumped Wall Street expectations driven by higher-than-expected iPhone sales. Although, Apple reported its second year-over-year decline in iPhone sales,... Micro-blogging site Twitter Inc. (TWTR), Tuesday reported a smaller loss for the second quarter, as revenues climbed 20 percent reflecting growth in its advertising business despite a continued poor growth in number of users. Adjusted earnings for the quarter trumped Wall Street expectations, while revenues... BlackBerry has launched its second Android smartphone DTEK50, which the struggling company touts as the most secure Android smartphone ever. DTEK50 is BlackBerry's second smartphone powered by Android, following the PRIV. The device actually shares its design and hardware specifications with the recently...
comments powered by Disqus
Follow RTT