Hyundai Motor reports 2% rise in Q1 operating profit
Hyundai Motor
reported a 2% rise in first-quarter operating profit on Thursday, meeting
analysts' estimates
, as customers accelerated purchases ahead of
U.S. tariffs
and as it also benefited from a weak
South Korean won
.
Hyundai, which together with affiliate
Kia
is the world's third-biggest
automaking group
by sales, booked operating profit of 3.6 trillion won ($2.52 billion) for January to March, compared with 3.56 trillion won in the same period a year earlier.
The result compared with a 3.5 trillion won LSEG SmartEstimate drawn from 17 analysts. The consensus estimate gives more weight to analysts who are more consistently accurate. ($1 = 1,429.6600 won)
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