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Hyundai Motor 1st quarter net profit falls 10.2 percent amid labor strikes, strong won

Hyundai Motor 1st quarter net profit falls 10.2 percent amid labor strikes, strong won

Hyundai Motor Co. said Wednesday first quarter net profit declined 10.2 percent as sales declined amid partial labor strikes early this year and a strong South Korean won.
Hyundai Motor, the world's sixth-largest automaker, earned 307.4 billion won (US$329.22 million; euro242.53 million) in the three months ended March 31, down from 342.39 billion won a year earlier, the statement said.
Quarterly sales declined 2.6 percent to 6.684 trillion won (US$7.16 billion; euro5.27 billion).


Updated : 2020-12-01 05:13 GMT+08:00