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Hynndai Q1 Profit Falls

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

HYUNDAI MOTOR CO LTD (HYMLF.PK, HYMTF.PK) Thursday posted lower net income for the first quarter in spite of an increase in sales revenue.

For the period the company reported net income of 2.088 trillion South Korean Won, down from 2.453 trillion South Korean Won last year.

SG&A expenses for the quarter were 2.836 trillion South Korean Won, up from 2.548 trillion South Korean Won posted the year before.

For the quarter, the car-maker clocked sales revenue of 21.367 trillion South Korean Won, up from 20.165 trillion South Korean Won posted for the corresponding prior-year period.

Global plant sales for the three-months were 1.172 million units, up from 1.072 million units sold a year earlier, on the back of increased sales from the overseas plants.

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