Kia Q4 net rises 30% on weak won, SUVs
Jan 26, 2022
Kia Corp., South Korea's second-biggest carmaker, said Wednesday its fourth-quarter net profit rose 30 percent from a year earlier on a weak won and increased SUV sales. Net profit for the three months ended in December jumped to 1.248 trillion won ($1.04 billion) from 961.6 billion won during the same period of last year, the company said in a statement. "A combination of a weak won, improved product mix and reduced incentives helped offset the impact of chip supply chain problems and th