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Hyundai Motor's sales rise, earnings fall in Q1

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Published : 2014-04-24 15:02
Updated : 2014-04-25 11:33

Hyundai Motor, the world's fifth-largest automaker, on said Thursday its net earnings declined 2.9 percent from 2013 to 2.03 trillion won ($1.95 billion) on account of worsening industry conditions at both home and abroad.

Sales and operating profit, however, rose 1.3 percent and 3.7 percent, respectively, to 21.6 trillion won and 1.93 trillion won in the same period, the company said in a regulatory filing.

Hyundai officials said the new Genesis, launched late last year, helped bolster sales for the cited period.

The carmaker also said it sold 1,227,467 cars in the first three months of this year, up 4.8 percent or 55,763 units compared to the year before.

(jylee@heraldcorp.com)

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