Hyundai Motor’s operating profit reduces

Seoul, April 25 (IANS) 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 ($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.

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