Kia Motors Release Disappointing First Half Results
Kia Motors Release Disappointing First Half Results
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2015.07.25 15:51
  • 댓글 0
이 기사를 공유합니다

Kia Motors announced on July 24 that its first-half operating profit amounted to 1.16 trillion won, down 22.8 percent year on year. Kia Motors registered 23.61 trillion won in sales revenue, 1.16 trillion won in operating profit, 1.90 trillion won in pre-tax profit, and 1.64 trillion won in net profit during the first half of this year.

Year on year, its revenue fell 1.5 percent, and operating profit 22.8 percent. Its operating profit-to-sales ratio also declined by 1.4 percentage points to 4.9 percent.

Kia Motors blamed the disappointing results on the deterioration of profitability resulting from unfavorable foreign currency movements, including the plunge in the value of the Russian Ruble and the weak euro. Another factor is the decline in overall sales resulting from the economic slowdown of emerging markets.

For the first half of this year, Kia Motors sold 1,437,000 units worldwide, down 0.4 percent from a year ago. Domestic sales rose 10.7 percent thanks to robust sales of new SUV and minivan models.

Kia Motors achieved a positive growth of 4.6 percent and 7.6 percent in the U.S. and European markets in the first half of this year. The company, however, suffered a negative growth of 2.4 percent in the Chinese market.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • Korea IT Times: Copyright(C) 2004, Korea IT Times. .Allrights reserved.
  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • * Mobile News: m.koreaittimes.com
  • * Internet news: www.koreaittimes.com
  • * Editorial Div. 02-578-0434 / 010-2442-9446 * PR Global/AD: 82-2-578-0678.
  • * IT Times Canada: Willow St. Vancouver BC
  • 070-7008-0005
  • * Email: info@koreaittimes.com
ND소프트