Hyundai, Kia tipped to have logged improved earnings in 2019
Jan 19, 2020
South Korea's top two automakers -- Hyundai Motor Co. and Kia Motors Corp. -- are expected to deliver improved earnings results for 2019, aided by brisk sales of sport utility vehicles and the weak local currency, industry data showed on Sunday.According to earnings forecasts by brokerages compiled by Yonhap Infomax, Hyundai Motor is believed to have logged a net profit of 3.4 trillion won ($2.93 billion) on an operating income of 3.5 trillion won, which marks a 105 percent and a 46 percent rise