The strength of the Korean currency and rising expenses reduce the profits of "Hyundai Motor"

The strength of the Korean currency and rising expenses reduce profits for Hyundai Motor [19659003] Hyundai Motor Group, South Korea's net profit fell 11 percent in the second quarter of this year, the South Korean won being appreciated against the dollar and rising fixed costs.
The net profit of South Korea reaches 7.10 billion won. ) Compared to 9.96 billion won during the same period last year "The strength of the won against the US dollar and the decline in production of the Hyundai plant in the United States, which aims to ensure the stability of the company's stocks, have reduced the profitability of the company in the second quarter, "said Hyundai. – Operating profit fell 29 percent to 950.9 billion won in the second quarter of this year, compared to 1.345 billion won in the same period last year, the company said. Meanwhile, sales rose 1.7 percent to 24.7 billion won, up from 24.3 billion won in the second quarter of last year.
Hyundai Motor's net profit for the first half of this year dropped 34 percent to 1.45 billion won, compared to 2.32 billion won during the same period the year last. Over the same period, operating profit fell 37 percent to 1.63 trillion won and sales fell 1.1 percent a year to 47.25 trillion won from 47.67 trillion won. of wons in the first half of last year.