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Hyundai Motor Q4 net profit 1.66t won vs 1.98t won analyst view

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Shares of Hyundai fell 29 per cent last year when involvement in a US$10 billion property purchase triggered a sharp selloff and promises of higher dividends.

[SEOUL] South Korea's Hyundai Motor on Thursday said net profit reached 1.66 trillion won (YS$1.53 billion) in October-December, missing analyst estimates, in part because a decline in the rouble pulled down income earned in Russia.

The result compared with 2.06 trillion won a year earlier, and the 1.98 trillion won average estimate of 14 analysts polled by Thomson Reuters I/B/E/S.

Revenue totalled 23.57 trillion won from 21.94 trillion won a year prior, said the automaker - the world's fifth-biggest when paired with affiliate Kia Motors.

Shares of Hyundai fell 29 per cent last year when involvement in a US$10 billion property purchase triggered a sharp selloff and promises of higher dividends.

REUTERS

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