Economy Country January 23, 2025

Hyundai Reports 17% Drop in Q4 Operating Profit

Hyundai Motor disclosed a 17% decrease in its operating profit for the fourth quarter on Thursday, raising concerns over its financial performance amidst challenging market conditions.


Hyundai Reports 17% Drop in Q4 Operating Profit

The automotive company Hyundai Motor announced a 17% decrease in operating profit for the fourth quarter. This was reported by the company's representatives on Thursday.

This reduction in operating profit was attributed to various factors, including increased production costs and general economic factors.

Company representatives noted that despite this decline, Hyundai Motor remains on track and continues to work on improving its operations.

"We see challenges and opportunities on the horizon and will continue to invest in enhancing business effectiveness and implementing new strategies for sustainable growth in the future," the company emphasized.