Kia Motors net profit quadrupled in the first quarter

Due to stronger sales and equity gains from affiliated companies, Kia Motors was able to quadruple its net profit in the first quarter. In a regulatory filing, Kia disclosed that it earned 398.6 billion won ($358 million) in the three months ended March 31.

For the same period last year, Kia reported a net profit of 97.4 billion won. Kia, which makes the Forte small sedan and Sorento compact crossover SUV, said that sales for the quarter increased by 39% to 4.86 trillion won from 3.5 trillion won a year earlier. Kia and Hyundai Motor Co. form the world’s fifth-largest automotive group.
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Joe_Limon - 4/27/2010 6:21:30 PM

+2 Boost

4 times 89 million is still pennies for such a large company.

Joe_Limon - 4/27/2010 7:08:23 PM

+2 Boost

Picture this... Ford Posted a $2.08 billion profit this first quarter... if kia did that, this article would be called "Kia Motors net profit twenty three fold in the first quarter."

M53R - 4/28/2010 9:04:24 AM

+1 Boost

huu76

you are a racist. Have you ever sat in a new kia? What do you think about the 7 year maintanance they have on their cars? What about the features vs prices? What about the reliability?
If you don't know the answer for these questions, then at least trick us into thinking you know what you're talking about by not posting stupid comments.

raikkonen - 4/28/2010 9:23:05 AM

+1 Boost

Huu is just bitter because Japs have small appendages.