Hyundai Motor fourth-quarter profit rises 57per cent on demand for SUVs, Genesis

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SEOUL: South Korea's Hyundai Motor Co reported on Tuesday a 57per cent rise in fourth-quarter profit, slightly below analyst estimates, backed ...

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SEOUL: South Korea's Hyundai Motor Co reported on Tuesday a 57per cent rise in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars.

Hyundai, which together with affiliate Kia Corp is among the world's top 10 automakers, reported a net profit of 1.3 trillion won for October-December, versus 804 billion won a year earlier.That compared with the 1.5 trillion won average of 16 analyst estimates compiled by Refinitiv.

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