Hyundai – Increasing profit

Hyundai continues its success and have increased its quarterly net profit by 13% to $2 billion.

Its July to September net profit rose to 2.17 trillion won ($1.9 million), above their market forecast and up on last year’s 1.92 trillion won.

Politics have also been kind to the South Korean based manufacturer. As the island dispute between China and Japan goes on, Japanese rivals have been hit with a  decrease in demands, which benefits Hyundai’s sales in China.

http://uk.reuters.com/article/2012/10/25/uk-hyundai-earnings-idUKBRE89O08I20121025

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