Hyundai returns to profit in Q4 as SUV models such as the Tucson have helped to boost sales marginsSouth Korea's Hyundai Motor Co swung to a fourth-quarter profit from a loss a year earlier, helped by brisk sales of sport-utility vehicles such as its Tucson and Palisade models.
Net profit for October to December came in at 839bn won , missing an average estimate of 998bn profit from 10 analysts, according to Refinitiv I/B/E/S data., outperforming analysts' average estimate of 1.06tn won loss, its first quarterly loss in at least eight years, as sales slumped in China.
Source: Car News Wire (carnewswire.net)
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