Hyundai Motor Co., South Korea’s largest automaker, posted a 48 percent increase in fourth- quarter profit as the company boosted sales in the U.S. and China amid rising global auto demand.
Net income increased to a record 1.4 trillion won ($1.3 billion) in the three months ended Dec. 31 from 945.5 billion won a year earlier, the Seoul-based carmaker said today in a regulatory filing. Analysts expected a 1.41 trillion won profit, according to the average of 16 estimates compiled by Bloomberg. Revenue climbed 3.1 percent to 9.94 trillion won.
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