Kia Corp. (KIMTF.PK,000270.KS), a South Korean automaker, reported weak profit in its fourth quarter, despite higher sales.
In South Korea, Kia shares were gaining around 2.5 percent, trading at 153,500.00 won.
In the quarter, net income attributable to shareholders of parent company dropped 15.4 percent to 1.47 trillion Korean won from last year's 1.74 trillion won.
Pre-tax profit from continuing operation was 2.11 trillion won, down 13.6 percent from 2.44 trillion won. Operating income fell 32.2 percent to 1.84 trillion won from prior year's 2.72 trillion won.
Sales for the fourth quarter were 28.09 trillion won, up 3.5 percent from 27.15 trillion won a year ago.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.