Hyundai Motor Co. has reported a 31% increase in its fourth-quarter net profit, but the figures fell short of analyst expectations, partly due to a stronger Korean won. The South Korean automaker's earnings were negatively impacted by unfavorable exchange rates and one-off costs associated with the sale of its plant in Russia. Despite the profit rise, which was supported by solid sales growth in the US and Europe, Hyundai anticipates a challenging year ahead, forecasting slower sales growth due to weak demand and economic uncertainties.
Hyundai Motor reported a 31% rise in Q4 profit but missed analysts’ expectations due to unfavorable exchange rates as well as one-off costs related to the sale of its Russia plant. Read more: https://t.co/66p1zq0W4i https://t.co/HgqHIvYdiw
Hyundai’s Q4 profit missed analysts’ expectations on the back of the sale of its Russian plant and unfavorable exchange rates. Read more: https://t.co/66p1zq0W4i https://t.co/3W2ZMMXKPV
A mix of unfavorable exchange rates and sale off its Russia plant hit Hyundai Motor’s Q4 profit. The carmaker expects a tough year ahead due to weak demand and economic uncertainties https://t.co/DvcT3Vp6D5 https://t.co/HGx4p9c52J
A mix of unfavorable exchange rates and sale off its Russia plant hit Hyundai Motor’s Q4 profit. The carmaker expects a tough year ahead due to weak demand and economic uncertainties. Read more: https://t.co/66p1zq0W4i https://t.co/RENeA9xI5Y
Hyundai Motor predicted slower sales growth this year due to weak demand and economic uncertainties even as its Q4 profit rose 31% https://t.co/DvcT3Vp6D5 https://t.co/vvwfeWUzEN
Hyundai Motor predicted slower sales growth this year due to weak demand and economic uncertainties even as its Q4 profit rose 31%. Read more: https://t.co/66p1zq1tTQ https://t.co/peKzVipbnI
Hyundai Motor reported a 31% rise in Q4 profit but missed analysts’ expectations due to unfavorable exchange rates as well as one-off costs related to the sale of its Russia plant https://t.co/DvcT3Vp6D5 https://t.co/vF37OirBRL
Hyundai's fourth-quarter profit miss analysts’ estimates as a stronger Korean won outweighed solid sales growth in the US and Europe https://t.co/GfZPJBhz9x
⚠️ HYUNDAI MOTOR'S Q4 NET PROFIT RISES 31%, MISSES FORECASTS (Reuters) South Korea's Hyundai Motor Co on Thursday reported a 31% rise in fourth-quarter profit that missed analyst expectations due to unfavourable exchange rates as well as one-off costs related to the sale of…