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Hyundai Motor Co says its second quarter profit fell 7 per cent as the appreciation of South Korean currency diluted its overseas earnings.
The South Korean automaker today said it earned $2.2 billion for the April-June period compared with $2.4 billion a year earlier. The figure was in line with expectations.
Operating income dropped 13 per cent to $2.0 billion, while sales declined 2 per cent to $22.13 billion.
The company sold 2.5 million vehicles during the first six months of this year, up 4 per cent from the previous year.
Despite selling more cars, Hyundai said its bottom line was hit by the sharp rise of the South Korean won.
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