Hyundai Motor Q1 profit soars 5-fold to record on strong sales

epa02127264 A view a logo of the Hyundai Motor’s in Seoul, South Korea, 22 April 2010.
Hyundai Motor Co., South Korea’s largest carmaker, said on 22 April, its quarterly net profit jumped five-fold, thanks to strong sales and aggressive marketing efforts in the United States, China and emerging markets.
Hyundai earned a record 1.12 trillion won (US$1 billion) in the three months ended March 31, compared with 225 billion won in the same period a year earlier, the company said in a regulatory filing. EPA/JEON HEON-KYUN