Hyundai's 1Q earnings fall as car sales drop

April 23, 2015 6:03 AM

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Hyundai Motor Co. said Thursday its first-quarter profit dropped due to lower vehicle sales at home and abroad and the strong local currency.

The maker of Genesis sedan and Sonata said Tuesday its net profit was down 2 percent over a year earlier to 1.98 trillion won ($1.83 billion) while operating income sank 18 percent to 1.59 trillion won.

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