Kia Motors Q1 Net Profit Surges 26%

Kia Motors Corp

reported a 26% rise in its first-quarter net profit. Kia Motors' quarterly consolidated net profit climbed to KRW1.201 trillion ($1.1 billion), from KRW953.22 billion in the year-ago period. However, analysts were expecting a net profit of KRW1.004 trillion. Its operating profit rose 33% to KRW1.121 trillion from KRW839.87 billion. Kia Motors' sales surged 11% to KRW11.790 trillion from KRW10.658 trillion.