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Hyundai's second-quarter earnings drop 13.3 percent
(MENAFN) Hyundai Motor announced registering a double-digit decline of its earnings in the April-June period of 2014, Xinhua reported.
The South Korean automobile giant's operating profit reached USD2.03 billion in the second quarter, down 13.3 percent year-on-year.
Revenue dipped 1.9 percent from a year earlier to USD22.1 billion in the second quarter, and net income declined 6.9 percent to USD2.28 billion.
The automaker attributed the second-quarter drop to the local currency's appreciation to the US dollar, the carmaker said.
The South Korean automobile giant's operating profit reached USD2.03 billion in the second quarter, down 13.3 percent year-on-year.
Revenue dipped 1.9 percent from a year earlier to USD22.1 billion in the second quarter, and net income declined 6.9 percent to USD2.28 billion.
The automaker attributed the second-quarter drop to the local currency's appreciation to the US dollar, the carmaker said.
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