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Kia Motors Net Profit Rose 52% on Year in 2Q

By Kwanwoo Jun


Kia Motors Corp.'s (000270.SE) second-quarter net profit rose 52.3% on year, largely driven by the weaker Korean won, the South Korean car manufacturer said Tuesday.

Net profit for the quarter ended June was 505.39 billion Korean won (US$429.42 million) compared with KRW331.90 billion in the same quarter a year earlier. The results beat consensus forecast for KRW498.94 billion net profit, according to FactSet.

Revenue during the quarter rose 3.2% on year to KRW14.51 trillion.

Operating profit for the quarter was up 51.3% on year at KRW533.62 billion.

For the first half, net profit was KRW1.15 trillion, while revenue was KRW26.95 trillion.


Write to Kwanwoo Jun at


(END) Dow Jones Newswires

July 22, 2019 21:47 ET (01:47 GMT)

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