Hyundai Motor Co HYMTF reported a 10% rise in its second-quarter net profit.
Hyundai Motor's quarterly consolidated net profit surged to 2.547 trillion Korean won ($2.2 billion), versus KRW2.307 trillion, in the year-ago period. However, analysts were expecting a net profit of KRW2.382 trillion.
Hyundai Motor's operating profit surged 18% to KRW2.502 trillion from KRW2.127 trillion, while sales climbed 9.2% to KRW21.940 trillion from KRW20.092 trillion.
Hyundai Motor shares closed at $28.00 yesterday.
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