Hyundai Motor Co. Ltd.\u2019s third-quarter net profit increased sharply on year, helped by solid sales growth in the U.S. and Europe.<\/p>\n
Net profit for the quarter ended September was 460.50 billion Korean won ($393.4 million) compared with KRW305.95 billion in the same quarter a year earlier, the South Korean car
The result missed consensus forecasts for KRW811.27 billion, according to FactSet.<\/p>\n Revenue climbed 10% on year to KRW26.969 trillion.<\/p>\n Operating profit rose 31% on year to KRW378.52 billion.<\/p>\n Hyundai Motor said brisk sales of its new sports-utility vehicles in the U.S. and Europe helped boost revenue and earnings, while demand from China remained weak.<\/p>\n The one-off legal costs for its class-action settlement over engine defects ate into the company\u2019s net profit, it said.<\/p>\n<\/p><\/div>\n [ad_2]
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\n 005380, +0.83%<\/span><\/a><\/span>
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\n \u00a0aid Thursday.<\/p>\n
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