On October 24, Yonhap News Agency reported that according to preliminary statistics disclosed by Hyundai Motor on October 24, the company's operating profit in the third quarter was 1.5518 trillion won (about 7.8 billion yuan), down 3.4% year on year.
Based on the consolidated statements, Hyundai Motor's operating profit in the third quarter was 1.5518 trillion won, down 3.4% year on year; The operating profit margin was 4.1%, down 1.5 percentage points year on year; The sales volume was KRW 37.7054 trillion, up 30.6% year on year, and the net profit was KRW 1.4115 trillion.
Source: Official
With the supply of spare parts eased, Hyundai's global sales increased by 14% year on year. However, the quarterly performance reflected the quality cost of the Theta2 engine of 1.36 trillion won, which was far lower than expected.
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