Hyundai Kia first half earnings or surplus
The number one motor vehicle fabricator in Korea - Hyundai Motor yield plunged in the first quarter close to half of the worldwide monetary recession due to the spiky decline in motor vehicle sales, while the potential is not yet clear.
However, its affiliates Kia Motors should be able to turn around due to weak won and new models to promote their sales increased in South Korea.
The next couple of months, Hyundai Motor and Kia will be won because of the devaluation, the Government commenced to stimulate household vehicle sales advantage design, but the commerce is inescapable in both the annals of the automotive commerce the influence of the most grave decline.
Survey displays that 11 analysts anticipated the first quarter of Hyundai Motor noted ₩ 205,000,000,000 (152 million U.S. dollars) snare earnings, snare earnings last year was ₩ 392,700,000,000, snare earnings in the fourth quarter of last year ₩ 243,500,000,000.
The first quarter of functioning earnings is anticipated to ₩ 206,400,000,000, which is less than the identical time span last year ₩ 529,100,000,000. The first quarter income dropped more than anticipated 22 per hundred, to 6.38 trillion (trillion) won.
Compared with the same period last year, won the first quarter against the U.S. dollar more than 30% against the Japanese yen or nearly 40%, raised the car in overseas markets in Korea's competitiveness.
Survey, due to the devaluation of the won, Kia is expected in the first quarter recorded a net profit ₩ 38,800,000,000, a net loss the same period last year ₩ 24,800,000,000.
Analysts said the Government sustained the design or will help Hyundai and Kia in the residual time this year to sustain profitability. The South Korean government designs to TM in the May-December buy of engine vehicle registration levy of 70 per hundred lower.
Hyundai Motor is anticipated full-year snare earnings to 1.42 trillion (trillion) won, while its foremost competitor is anticipated to be a loss.
Hyundai Motor shares rose 40 percent in the first quarter, exceeding market. KS11 increase of 13 percent over the same period, but analysts said the recent rebound in the South Korean won automakers Mengyin prospects.
HI Investment & Securities analyst Choi Dae-sik, said: "As the credit crunch has eased, the won will inevitably rise, the yen will fall. Hyundai Motor and Kia will be the Japanese car manufacturers a serious challenge. - 21396
However, its affiliates Kia Motors should be able to turn around due to weak won and new models to promote their sales increased in South Korea.
The next couple of months, Hyundai Motor and Kia will be won because of the devaluation, the Government commenced to stimulate household vehicle sales advantage design, but the commerce is inescapable in both the annals of the automotive commerce the influence of the most grave decline.
Survey displays that 11 analysts anticipated the first quarter of Hyundai Motor noted ₩ 205,000,000,000 (152 million U.S. dollars) snare earnings, snare earnings last year was ₩ 392,700,000,000, snare earnings in the fourth quarter of last year ₩ 243,500,000,000.
The first quarter of functioning earnings is anticipated to ₩ 206,400,000,000, which is less than the identical time span last year ₩ 529,100,000,000. The first quarter income dropped more than anticipated 22 per hundred, to 6.38 trillion (trillion) won.
Compared with the same period last year, won the first quarter against the U.S. dollar more than 30% against the Japanese yen or nearly 40%, raised the car in overseas markets in Korea's competitiveness.
Survey, due to the devaluation of the won, Kia is expected in the first quarter recorded a net profit ₩ 38,800,000,000, a net loss the same period last year ₩ 24,800,000,000.
Analysts said the Government sustained the design or will help Hyundai and Kia in the residual time this year to sustain profitability. The South Korean government designs to TM in the May-December buy of engine vehicle registration levy of 70 per hundred lower.
Hyundai Motor is anticipated full-year snare earnings to 1.42 trillion (trillion) won, while its foremost competitor is anticipated to be a loss.
Hyundai Motor shares rose 40 percent in the first quarter, exceeding market. KS11 increase of 13 percent over the same period, but analysts said the recent rebound in the South Korean won automakers Mengyin prospects.
HI Investment & Securities analyst Choi Dae-sik, said: "As the credit crunch has eased, the won will inevitably rise, the yen will fall. Hyundai Motor and Kia will be the Japanese car manufacturers a serious challenge. - 21396
posted by X - Men @ 1:09 AM
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