Tuesday, July 24, 2007

Hyundai Motor May Say Net Income Rose on Higher South Korean Auto Demand

(Bloomberg) -- Hyundai Motor Co., South Korea's
third-largest exporter, will probably report the first increase
in profit in six quarters after selling more cars at home.

Net income at the Seoul-based automaker probably rose 30
percent to 502 billion won ($549 million) in the three months
ended June 30 from 387.3 billion won a year earlier, according
to the median estimate of 11 analysts surveyed by Bloomberg.
Sales probably gained 11 percent to 7.77 trillion won.


Read more at Bloomberg Emerging Markets News

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