SEOUL, April 26 South Korea's Hyundai Motor
posted a 21 percent fall in quarterly net profit,
dragged down by sales declines in China stemming from political
The world's fifth-biggest automaker together with affiliate
Kia Motors reported on Wednesday a first-quarter net
profit of 1.33 trillion won ($1.18 billion). Analysts polled by
Thomson Reuters I/B/E/S had on average expected a 1.25 trillion
won net profit.
Hyundai posted an operating profit of 1.25 trillion won and
sales of 23.37 trillion in the January to March quarter.
($1 = 1,124.1500 won)
(Reporting by Hyunjoo Jin; Editing by Muralikumar Anantharaman)