Hyundai Motor sees profit grow in Q2

23 July, 2019 12:00 AM printer

Hyundai Motor  sees profit  grow in Q2

An upgraded version of the Palisade 4x4 is part of Hyundai's bid to boost sales in the US.

SEOUL: South Korea’s largest automaker Hyundai Motor saw net profit pick up by almost a quarter in April-June thanks to its sport utility vehicles (SUV) and weak won.

Net profit during the period rose 23.3 percent on-year to 999 billion won ($847 million), the firm said in a statement, sustaining its earning streak from the first three months of the year, reports AFP.

The latest increase was “driven by improved product mix with new SUV models” and came despite “the sluggish global economic growth” fuelled by the China-US trade row, the company said.