ID :
213118
Fri, 10/28/2011 - 05:12
Auther :
Shortlink :
https://oananews.org//node/213118
The shortlink copeid
Kia Motors Q3 net falls 8 pct
SEOUL (Yonhap) - Kia Motors Corp., South Korea's second-largest automaker, said Friday that its third-quarter earnings declined 8 percent from a year earlier mainly due to sluggish sales at home.
Net profit reached 648 billion won (US$587 million) in the July-September period, compared with a profit of 704 billion won a year earlier, the company said in a regulatory filing.
Sales surged 14.9 percent to 9.99 trillion won over the cited period, and operating income spiked 21.9 percent to 828 billion won.
Shares of Kia Motors were trading at 73,600 won on the Seoul bourse as of 10:07 a.m., up 0.96 percent.
Net profit reached 648 billion won (US$587 million) in the July-September period, compared with a profit of 704 billion won a year earlier, the company said in a regulatory filing.
Sales surged 14.9 percent to 9.99 trillion won over the cited period, and operating income spiked 21.9 percent to 828 billion won.
Shares of Kia Motors were trading at 73,600 won on the Seoul bourse as of 10:07 a.m., up 0.96 percent.
