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| HOME > News & Event > Press
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| May 2, 2007 |
Hyundai 1st Quarter Net Sales Declines by 10.2 % as Unit Sales Drop 7.4 %.
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| ( Seoul, Korea ) - A combination of a fast-appreciating Korean won, work stoppages, higher raw material costs and slowing sales drove down Hyundai Motor Co´s first quarter net profit by 10.2 percent.
(Unit sales of the company’s domestic plants (excluding overseas manufacturing subsidiaries) fell 7.4 percent to 387,463 on which it earned sales revenues of 6.68 trillion won, equivalent to a 2.6 percent y-o-y drop.
Hyundai´s net income for the quarter stood at 307.4 billion won ($330 million), compared with 342.4 billion won a year earlier.
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