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Hyundai Motor's Q1 profit halved on grim US, China sales

Updated : April 26, 2018 01:29 PM IST

South Korea's largest automaker said its January-March earnings sank a larger-than-expected 48% to 731.6 billion won ($677.3 million), compared with 1.4 trillion won a year earlier.
The result was far below the market consensus. Analysts expected 942.1 billion won in quarterly earnings, according to financial data provider FactSet.
Quarterly profit was nearly halved as car sales in China and the United States sank further.
Hyundai Motor's Q1 profit halved on grim US, China sales
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