(MENAFN) Hyundai Motor said its first-quarter operating profit declined to a four-year low due to the local currency's ascent to emerging market currencies, Xinhua reported.
South Korea's largest car maker's operating profit tumbled 18.1 percent from a year earlier to USD1.47 billion in the three months ending March 31, the automaker said.
Meanwhile, revenue retreated 3.3 percent from a year earlier to USD19.41 billion in the first quarter, and net income fell 2.2 percent to USD1.83 billion during the cited quarter.
Hyundai's global auto sales posted 1,182,834 units in the first quarter, down 3.6 percent. Domestic car sales dipped 3.7 percent in the first quarter, with auto sales overseas sliding 3.6 percent.
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