SEOUL (Reuters) – Hyundai Motor Co posted on Thursday a 59% rise in second-quarter profit as a weak won lifted the value of its earnings abroad and demand remained strong for the South Korean automaker’s high-margin sport-utility vehicles (SUVs).
Net profit climbed to 2.8 trillion won ($2.13 billion) for the April-June period from 1.8 trillion won a year earlier, beating an average analyst forecast of 2.2 trillion won from Refinitiv SmartEstimate.
($1 = 1,312.1200 won)
(Reporting by Heekyong Yang and Byungwook Kim; Editing by Muralikumar Anantharaman)
