Hyundai Motor fourth-quarter profit jumps 57% on demand for SUVs, Genesis
South Korea`s Hyundai Motor Co reported on Tuesday a 57% jump in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars.
Hyundai, which together with affiliate Kia Corp is among the world`s top 10 automakers, reported a net profit of 1.3 trillion won ($1.18 billion) for October-December, versus 804 billion won a year earlier.