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Strong won hurts Kia’s Q2 earnings

: Sunday, July 27 - 2014 @ 06:20

Kia Motors has reported a 13.3% year-on-year drop in its second-quarter profit, as a pick-up in sales was offset by a stronger won that hurt exports, AFP has reported. The second-largest South Korean carmaker made a net profit of 1.02trn won ($988m), with unit sales up 4.3% year-on-year. Operating profit plunged 31.7% on-year to 769.7bn won in the three-month period.

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Sunday, July 27- 2014 @ 6:20 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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