Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Hyundai Motor Co., Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate. The World Health Organization (WHO) Monday declared that Nigeria is officially free of Ebola virus transmission. For the last six weeks, no new cases of the deadly virus infection has been reported in the country. The lines on the tabular situation reports, sent to WHO each day by its country office in Nigeria, have now been full of zeros for 42 days. If two incubation periods of 21 days pass
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.