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Friday July 25, 10:26 AMS Korea's Kia Posts 40 PCT Rise in Q2 Profit to US$85 MLNSEOUL, July 25 Asia Pulse - Kia Motors Corp. (KSE:000270), South Korea's second-largest automaker, reported a 40 per cent jump in its profit for the second quarter, backed by strong demand for its fuel-efficient mini cars and a weaker Korean currency.In the three months ended June 30, Kia earned 85.9 billion won (US$85.2 million), compared with 61.3 billion won for the same period last year, the company said in a statement. Second quarter operating profits more than tripled to 116.9 billion won and sales gained 1.4 per cent to 4.19 trillion won, Kia said. For the first half of this year, Kia posted a net profit of 61.1 billion won, up 98.6 per cent on year, on sales of 7.9 trillion won. However, first half vehicle sales fell 6.6 per cent from a year earlier to 523,688 units, Kia said. (Yonhap) |
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