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Hyundai Q1 net profit hits record high
KELLY OLSEN -- Associated Press
Published: 22 04 2010
SEOUL, South Korea - Hyundai Motor said net profit hit a record high in the first quarter on higher sales and strong performance in China and India.
Hyundai, South Korea's biggest automaker and a rising force in the global industry, earned 1.13 trillion won ($1.02 billion) in the three months ended March 31, it said in a regulatory filing Thursday.
That was five times higher than its net profit of 225 billion won in the same period last year. Company spokesman Ki Jin-ho said the net profit figure was an all-time high on a quarterly basis.
The maker of the Elantra and Sonata sedans and the luxury Genesis also said quarterly sales rose 39.6 per cent to 8.42 trillion won from 6.03 trillion won a year earlier.
The company's global sales during the quarter jumped 36.6 per cent from a year earlier to 842,037 vehicles.
Hyundai Motor Co., which along with affiliate Kia Motors Corp. forms the world's fifth-largest automotive group, has seen its market share grow worldwide in recent years through an emphasis on quality and design.
Global market share rose to 4.8 per cent in the first quarter of 2010 from 4.7 per cent the year before, according to Ki, the spokesman
Hyundai said in January that market share in 2009 rose to 5.2 per cent from 4.3 per cent the year before and that it is targeting an increase to 5.4 per cent this year. The company sold a record 3.11 million vehicles in 2009.
Hyundai showed strong performance in China, India and the United States during the first quarter.
Sales volume and revenue in China jumped 48.1 per cent and 22.6 per cent, respectively, from the year before, Hyundai said in presentation materials for investors.
In India, sales volume increased 33.5 per cent, while revenue rose 20.8 per cent.
Sales volume in the United States rose 78.3 per cent and revenue gained 61.5 per cent, though performance there contributed less to profits than China and India, Hyundai said.
Both Hyundai and Kia have expanded aggressively overseas. Hyundai has factories in China, India, Turkey, the U.S. and the Czech Republic. Kia has plants in China and Slovakia and began production in the United States last year.
Hyundai has two factories each in China and India and is planning a third in China.
Shares in Hyundai Motor, which released results during afternoon trading, rose 0.4 per cent to close at 125,000 won. The company's stock price tripled in 2009.
 

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QUOTE (Tommer @ Apr 28 2010, 01:18 PM) index.php?act=findpost&pid=317650
Hyundai Q1 net profit hits record high
KELLY OLSEN -- Associated Press
Published: 22 04 2010
SEOUL, South Korea - Hyundai Motor said net profit hit a record high in the first quarter on higher sales and strong performance in China and India.
Hyundai, South Korea's biggest automaker and a rising force in the global industry, earned 1.13 trillion won ($1.02 billion) in the three months ended March 31, it said in a regulatory filing Thursday.
That was five times higher than its net profit of 225 billion won in the same period last year. Company spokesman Ki Jin-ho said the net profit figure was an all-time high on a quarterly basis.
The maker of the Elantra and Sonata sedans and the luxury Genesis also said quarterly sales rose 39.6 per cent to 8.42 trillion won from 6.03 trillion won a year earlier.
The company's global sales during the quarter jumped 36.6 per cent from a year earlier to 842,037 vehicles.
Hyundai Motor Co., which along with affiliate Kia Motors Corp. forms the world's fifth-largest automotive group, has seen its market share grow worldwide in recent years through an emphasis on quality and design.
Global market share rose to 4.8 per cent in the first quarter of 2010 from 4.7 per cent the year before, according to Ki, the spokesman
Hyundai said in January that market share in 2009 rose to 5.2 per cent from 4.3 per cent the year before and that it is targeting an increase to 5.4 per cent this year. The company sold a record 3.11 million vehicles in 2009.
Hyundai showed strong performance in China, India and the United States during the first quarter.
Sales volume and revenue in China jumped 48.1 per cent and 22.6 per cent, respectively, from the year before, Hyundai said in presentation materials for investors.
In India, sales volume increased 33.5 per cent, while revenue rose 20.8 per cent.
Sales volume in the United States rose 78.3 per cent and revenue gained 61.5 per cent, though performance there contributed less to profits than China and India, Hyundai said.
Both Hyundai and Kia have expanded aggressively overseas. Hyundai has factories in China, India, Turkey, the U.S. and the Czech Republic. Kia has plants in China and Slovakia and began production in the United States last year.
Hyundai has two factories each in China and India and is planning a third in China.
Shares in Hyundai Motor, which released results during afternoon trading, rose 0.4 per cent to close at 125,000 won. The company's stock price tripled in 2009.

Well we know you're not Republican if your cheering for China. HA HA

Are you cheering the building of the factory in China because Hyundai is a Korean company.

Too bad their stock isn't traded on the US market because I would have grabbed up a bunch 2 years ago.
 

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well written post tommer but l am moving it over as relates to all hyundai models and not just the sonata
 

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QUOTE (yjbeach @ Apr 28 2010, 10:39 AM) index.php?act=findpost&pid=317656
Too bad their stock isn't traded on the US market because I would have grabbed up a bunch 2 years ago.

Hyundai does have stock which trades in USA. The company you are interested in investing does not need to be in your Country? :whistling:

Oh the Money you lost :gitara:

Here's the relevant symbols:

HYMLF.PK,,,this one is actively traded in USA
HYMTF.PK....this one is very thinly traded
 

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QUOTE (MiamiLX @ Apr 28 2010, 06:27 PM) index.php?act=findpost&pid=317725
Hyundai does have stock which trades in USA. The company you are interested in investing does not need to be in your Country? :whistling:

Oh the Money you lost :gitara:

Here's the relevant symbols:

HYMLF.PK,,,this one is actively traded in USA
HYMTF.PK....this one is very thinly traded

Their stock is not traded in the US market. The stock symbol you posted is not valid; especially through my Schwab account. It's a marker for future stock. FYI
http://finance.yahoo.com/q?s=HYMLF.PK
 

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Almost every brand raised their profit in the first quarter of this year. Besides of the worldwide crisis that is caming down, the Chinese marlet is growing quicker and quicker. Many of these profits are based on that growth. Hyundai is also a brand that is investing in China and here are the results of that
 
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