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| (사진=현대자동차) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Hyundai Motor surpassed 3 trillion won in operating profit in the first quarter of this year. This is the best quarterly performance ever, well beyond the market outlook.
It is highly likely that South Korea's listed companies will rank first in operating profit at a time when Samsung Electronics and SK Hynix are suffering from an "earning shock" in the wake of the global economic downturn.
Hyundai Motor announced its first quarter business performance on the 25th. The total sales reached 37.7787 trillion won. It rose 24.7% year-on-year, rewriting its best record in the first quarter. What is noteworthy is the quality of sales.
It posted an operating profit ratio of 9.5% as it sold a lot of vehicles with large margins such as high-end brands Genesis and Sports Utility Vehicles (SUV). Operating profit is 3.5927 trillion won. In other words, it has made more than 1 trillion won in profits every month.
Global vehicle sales have also increased. Production and sales volume increased at the same time as parts shortages such as automotive semiconductors improved. Hyundai sold 1,022,000 units in the global market last year. It is an increase of 13.2% compared to last year. Among them, 191,000 units (25.6%↑) were sold in Korea. Most regions such as Europe (10.5%), North America (24.1%) and India (11.2%) also recorded double-digit growth.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
