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Hyundai Mobis earnings rise 5.3% in Q1

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Published : 2014-04-25 18:46
Updated : 2014-04-25 18:46

Hyundai Mobis, the nation's largest auto parts maker, said Friday its net earnings for the first quarter rose 5.3 percent on-year to 817.7 billion won ($787.5 million) on increased in demand for key automotive modules. 

Operating profit jumped more than 13 percent to 721 billion won in the same period, with sales rising a solid 10 percent from the year before to 8.92 trillion won, the company said in a regulatory filing.

Net profit in the first quarter of 2013 stood at 776.7 billion won, with operating profits and sales hitting 634.5 billion won and 8.11 trillion won, respectively.

The vehicle components manufacturer, a part of Hyundai Motor Group, said a rise in global car sales and demand generated by the launching of new premium cars and sport utility vehicles pushed up its bottom line.

By Bae Ji-sook and news reports (baejisook@heraldcorp.com)


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