At its conference call held on January 24 in its Yangje-dong head office in Seoul, Kia Motors announced that it posted sales of 47.59 trillion won last year, with its operating and net profits estimated at 3.17 trillion won and 3.81 trillion won, respectively.
Sales grew by 0.8 percent year on year thanks to the increase in overseas sales, but operating profit fell by 9.8 percent year on year due to the strong won currency. Net profit also fell by 1.2 percent.
A Kia Motors official said, “The business environment was tough last year due to the global economic slump, production delays at domestic factories and the volatility of exchange rates.” Kia Motors predicted that the difficulty of business environment would continue toward this year due to the increased uncertainty about the future of the global market.
