In brief
Hyundai Motor’s operating profit grew 5.5 % year‑on‑year to 2.68 trillion won ($2.0 billion) in the July‑September quarter, surpassing market expectations of about 2.4 trillion won. Revenue dropped 3.4 % to 45.11 trillion won, driven by domestic labor strikes and weak global demand. The company cited favorable exchange rates, cost cuts and an improved product mix as key factors behind the profit lift.
On Oct. 29, South Korea’s Hyundai Motor announced that its operating profit rose 5.5 % year‑on‑year to 2.68 trillion won (about $2.0 billion) in the July‑September quarter, beating expectations of roughly 2.4 trillion won.
The company said the profit increase was driven by favorable exchange rates, cost‑cutting efforts and an improved product mix.
Meanwhile, revenue fell 3.4 % year‑on‑year to 45.11 trillion won as domestic production was hit by labor strikes and global demand weakened.
Hyundai Motor’s earnings performance shows that cost management and a stronger product lineup can offset sales declines amid a challenging economic environment.
