alt
2012-04-27 11:24

Kia Motors Q1 net jumps 26%

Kia Motors Corp., Korea's second-largest automaker, said Friday its first-quarter earnings jumped 26 percent from a year earlier mainly due to strong overseas sales.

Net profit reached 1.21 trillion ($1.05 billion) in the January-March period, compared with a profit of 953.2 billion won a year earlier, the company said in a regulatory filing.

Sales rose 10.6 percent on-year to 11.79 trillion won in the cited period, with operating income also spiking 33.4 percent to 1.12 trillion won.

Shares of Kia Motors were trading at 80,900 won on the Seoul bourse as of 10:24 a.m., up 1.63 percent from the previous session's close. (Yonhap)
  • 1. China 'has secret plan to replace NK leader'
  • 2. Ghost camera captures underage sex
  • 3. Army deploys Surion copters
  • 4. Stars have diverse tastes for cars
  • 5. Military becomes blue-chip cultural item
  • 6. CJ hit by slush fund probe
  • 7. Female body found in singer's car; suicide suspected
  • 8. NK special envoy in Beijing
  • 9. Man in love with military career
  • 10. Two men cleared of spy charges decades after guilty verdict
Copyeditors, cartoonist wanted
‘Expat citizen reporters’ wanted
Koreatimes.co.kr puts on a new dress