Hyundai Posts Record Quarterly Profit
sponsored links
Hyundai has posted a record high quarterly operating profit of 837.2 billion won (RM 2.46 billion) for the October-December period, up 44 percent from a year ago. Net profit increased by almost four times to 945.5 billion won (RM 2.78 billion), while sales grew 9.3 percent to 9.65 trillion won (RM 28.4 billion).
The excellent results were attributed to Hyundai's range of fuel-efficient small cars that were popular at a time when governments were handing out incentives to encourage car sales. China, now the world's largest automotive market, and the U.S. were two of Hyundai's favourite hunting grounds as it managed to increase its market share in both countries.
With new models such as the new Accent in the pipelines, and an improving global economy, Hyundai aims to increase 2010 sales by a further 11 percent to 3.46 million cars, trucks and buses. The Korean company also expects its foray into higher-quality cars like the i30 to bear fruits in the longer term, as perception of Korean cars improves over time. However, a key risk remains in the strengthening of the Korean won that will affect the bottom line.
As the headlines focus on whether Volkswagen or Toyota is the world's largest, it is easy to overlook the fact that, when combined with Kia, Hyundai is the world's fourth largest auto company.
Hyundai Authorised Distributor
| Company | Phone |
| Hyundai-Sime Darby Motors Sdn Bhd | 1 300 13 2000 |
| Address | Website |
| No. 24, Jalan Pemberita U1/49, Temasya Industrial Park, Seksyen U1, Shah Alam Selangor, 40150, Malaysia | www.hyundai.com.my |
Research Hyundai Cars
Latest Galleries
Popular News
Most Researched
