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 Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
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.