Hyundai profit down 43 Percent

Hyundai profit down 43 Percent


The car industry the biggest South Korea, Hyundai Motor, mengantongi net profit 224.9 billion won (166.7 million dollars) in the first quarter of this year, down 43 percent compared to same period in 2008 that the lower first quarter net profit in 2009 was due to weakening sales in the the weakening global economy.

Operating profit also down 71 percent in the appeal a year ago to be 153.8 billion won due to a decrease in record sales with 26 percent of the value of 6.03 trillion won, he said.

"We experienced a decline in sales both in the domestic market and abroad in the first quarter," Hyundai Motor said in a statement.

Hyundai sold 621,718 units in the domestic market and abroad during the first quarter, down 13 percent in the appeal the same period last year.

The company in January, the performance years ago in relatively better rather rivalnya. For 2008, Hyundai recorded net profit 1.44 trillion won, 14 percent lower in 2007 instead.

Antara