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.
AstraZeneca estimates 2021 growth after beating 4th quarter sales, sees faster growth10.02.2021
Toyota raises profit forecast 54%, unfazed by global chip shortage08.02.2021
Japan’s economic rebound likely dwindled in fourth quarter04.02.2021
Pandemic drags Shell’s profit, plunges 71% in 2020