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Hyundai posts first quarterly sales decline since 2011

: Sunday, January 26 - 2014 @ 09:30

Hyundai Motor has announced its first year-on-year drop in quarterly revenue in nearly three years, despite a rise in net profits, Reuters has reported. The South Korean carmaker posted a 3% fall in revenue to ₩21.94trn in the October to December period, although net income jumped 15% during the same period to ₩2.06trn. The company’s global shipments rose 0.4% to 1.23 million vehicles in the fourth quarter.

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Sunday, January 26- 2014 @ 9:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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