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RPT-Hyundai Motor Q2 profit down 51 pct y/y, China, U.S. sales sag

Published 2017-07-26, 01:52 a/m
© Reuters.  RPT-Hyundai Motor Q2 profit down 51 pct y/y, China, U.S. sales sag
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SEOUL, July 26 (Reuters) - Hyundai Motor 005380.KS posted a 51 percent drop in net profit for the April-to-June period, missing analysts' estimates, as political headwinds hit sales in China and U.S. sales decelerated.

Hyundai Motor, which together with affiliate Kia Motors 000270.KS is the world's fifth-biggest automaker, on Wednesday reported a second-quarter net profit of 817 billion won ($729.14 million), versus 1.66 trillion won a year ago and analysts' consensus forecast of 1.35 trillion won.

Hyundai posted an operating profit of 1.34 trillion won and sales of 24.3 trillion won for the quarter. ($1 = 1,120.5000 won)

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