In the third quarter, the largest automaker in South Korea, Hyundai Motor, reduced its operating profit 4.2 times compared to the same period last year to 288 billion 900 million won, which was the most significant drop in the index since 2010. The quarterly net profit of 269 million won was also the minimum in 7 years. Only revenue showed growth in the third quarter, having increased by 1% to 24 trillion 400 billion won. In South Korea, Hyundai sales decreased by 1.4%, in the global market – by 0.4%. The company expects the first since 2008 decline in sales for the entire year to less than 4 million cars.
Bank Indonesia decides on third rate cut for 202005.06.2020
Gap reports nearly $1 billion first-quarter loss amid the virus outbreak28.05.2020
Micron Technology's stocks jumped to 3.7%, revenue forecast raised for the third quarter27.05.2020
National Bank of Canada, Scotiabank surpass forecast despite profit decline