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 email@example.com
(END) Dow Jones Newswires
July 22, 2019 21:47 ET (01:47 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.