Hyundai Motor for 6 months reduced sales volumes, revenues and profits
OREANDA-NEWS. Hyundai Motor announced the results of its operations for the first six months of 2015. For 6 months, the company sold 2,415,777 vehicles worldwide (335.4 thousand units – in Korea; 2080.4 thousand units - in foreign markets), which is less by 3.2% than a year earlier. The cause of the global decline in sales was the slowing growth in emerging markets and the effect of currency fluctuations.
For the first six months of 2014 the profit from sales decreased by 1.4% to 43.76 trillion won (including 34.36 trillion won - car sales; 9.41 trillion won -financial and other operations), compared with the previous year. Operating profit and net profit also fell by 17.1% and 13.8% to 3.34 trillion won and 3.77 trillion won, respectively.
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