SEOUL (Reuters) – South Korea’s Hyundai Motor Co posted on Monday a 3% fall in third-quarter profit due to a 1.36 trillion won ($906 million) provision to pay for costs related to engine quality issues.
Net profit dropped to 1.27 trillion won ($883.39 million) for the July-September period, compared with 1.31 trillion won a year earlier and a Refinitiv SmartEstimate of 2.4 trillion won drawn from 17 analysts.
($1 = 1,434.4400 won)
(Reporting by Heekyong Yang and Joyce Lee; Editing by Kim Coghill)
