Hyundai Motor posts 2.2pc drop in first-quarter profit

April 23, 2015 9:28 AM

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Hyundai Motor posts 2.2pc drop in first-quarter profit

SEOUL: South Korea's top automaker, Hyundai Motor, Thursday reported its fifth consecutive drop in quarterly earnings after a slump in emerging market currencies slashed profits in the first three months of the year.

Net profit for the January-March period fell 2.2 percent to 1.98 trillion won ($1.83 billion), compared with 2.03 trillion won a year ago, the company said in a statement.

Also read: Microsoft's quarterly profit rises 27.8 percent

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