Hyundai Motor's Operating Profits Hits All-Time Low
Hyundai Motor's Operating Profits Hits All-Time Low
  • By Oh Hae-young (info@koreaittimes.com)
  • 승인 2016.01.27 19:12
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Hyundai Motor's operating profits in last year sank to a record low since 2010. The company, which sold 8 million car for two straight years to post 90 trillion won in sales, saw its profit drop due to the weak currency of emerging nations.
 
Hyundai said Tuesday in its earnings briefing it posted 6.3 trillion won in operating profits, 15.8 percent down from the previous years. This is the lowest level since 2010 when the company posted 5.9 trillion won in operating income.
 
During the same period, its sales increased 3 percent to 91 trillion won but its net income dipped 14.9 percent to 6.5 trillion won. 
Its rate of operating profits of last year stood at 6.9 percent, 1.6 percent down from the previous year's 8.5 percent. Hyundai Motor's annual rate of operating profits dropped to 6 percent from 9.5 percent in 2013.

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