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Strong Won Cuts Into Hyundai Motors' Bottomline

The Hyundai logo is displayed in front of Petaluma Hyundai in Petaluma, California.
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The Hyundai logo is displayed in front of Petaluma Hyundai in Petaluma, California.

South Korea's Hyundai Motors posted a 15 percent fall in its quarterly net profit, broadly in line with forecasts, as it was hamstrung by production stoppages and unfavorable currency moves.

(Read More: Hyundai Unwraps China-Only Concept Car)

Hyundai Motor, which combined with its affiliate Kia Motors is the world's fifth-biggest automaker, on Thursday reported a 2.1 trillion won ($1.88 billion) net profit for January-March, compared with a consensus forecast of 2 trillion won from Thomson Reuters.

(Read More: Hyundai, Kia Recall Over 1.8 Million US Vehicles)

Hyundai posted an operating profit of 1.9 trillion won on sales of 21.4 trillion won, giving it an operating margin of 8.7 percent, compared with 10.4 percent a year earlier.

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