Hyundai Motor's operating profit reduces

Operating profit was 1.87 trillion won (USD 1.68 billion) in the three months ending March 31, down 10.7 percent from the same period of last year.

Updated: Apr 25, 2013, 16:03 PM IST

Seoul: Hyundai Motor, South Korea's top automaker, saw its operating profit fall 10.7 percent in the first quarter from a year earlier, a regulatory filing showed Thursday.

Operating profit was 1.87 trillion won (USD 1.68 billion) in the three months ending March 31, down 10.7 percent from the same period of last year, reported Xinhua.

Sales increased 6 percent from a year before to 21.37 trillion won in the first quarter, while net income declined 14.9 percent to 2.09 trillion won.

IANS