Hyundai Motor Net Profit for 2018 Decreased Almost 3 Times


The net profit of Hyundai Motor, a South Korean automobile manufacturer, in 2018 decreased by 2.8 times compared with 2017 – to 1.65 trillion KRW (1.5 billion USD), follows from the Company’s report.

Revenue for the year amounted to 97.25 trillion KRW (86.2 billion USD), which is 0.9% more than in the previous year. At the same time, operating profit declined 1.8 times, to 2.42 trillion KRW (2.1 billion USD).

Following the result of the fourth quarter of 2018, the company recorded net loss of 203.3 billion KRW (180.3 million USD) against a profit of 1.29 trillion KRW a year earlier. The net loss attributable to shareholders of the central-office Company amounted to 129.8 billion KRW (115.1 million USD) against a profit of 1.033 trillion KRW over the same period in 2017. Analysts polled by Reuters expected a profit of 784 billion KRW. The revenue grew by 4.8% reaching 25.67 trillion KRW (22.8 billion USD). And the operating profit declined by 35% - to 501.13 billion KRW (about 440 million USD) compared with the fourth quarter of 2017.

Hyundai Motor Company was established in 1967. Since 1999, it has been a part of the Hyundai Kia Automotive Group. The central office is located in Seoul. The company is the largest automobile manufacturer in South Korea and the fourth in the world; it manufactures cars, trucks and buses.

About the author

InvestorGreg Editorial Team

InvestorGreg Editorial Team

The InvestorGreg Editorial Team is a group of financial writers and analysts who cover the worlds of finance and investment. Read more

Recommended Financial Products

A household name, Fidelity has always been known to be a reputable investment firm. In our Fidelity Broker Review, we will examine some of the pros and cons of this broker as well as the fees charged by the broker.
Charles Schwab
Charles Schwab has been one of the leading full-service brokers for decades. They have more than $3 trillion in client assets and there are more than 10.5 million active brokerage accounts.
ETrade is a broker that has long been at the forefront of online trading. They made their first online trade in 1982. Let’s take a look at the broker offering and see if they are right for you.
Vanguard Brokerage, an excellent choice of broker for low cost longterm investment. The broker offers the lowest expense ratio for index funds and ETF's.

Full list of recommended

Suggested For You

Samsung Announced the First Decrease in Profits in Two Years JAN 14, 2019 Samsung Electronics, a South Korean company, divulged a forecast of financial results for the fourth quarter that distressed investors. The Company’s operating profit fell down by 29%.
Nissan Is Being Investigated in the USA JAN 30, 2019 The US Securities and Exchange Commission (SEC) is conducting an investigation of Nissan, the Japanese motor manufacturer, concerning payments to the Company’s managers.
Reddit Raised $300 Million and Reached a Valuation of $3 Billion FEB 12, 2019 Reddit, a social service, closed a round of investment in amount of $300 million and reached a valuation of $3 billion
Gold Continues to Fall in Price on the USD Strengthening FEB 11, 2019 The price of gold falls on Friday in the morning; this trend lasts for six trading sessions in a row against the background of the continuing the USD strengthening against most world currencies, according to the data of trades and analysts’ comments.
Apple Is No Longer the Most Expensive Company in the World JAN 11, 2019 On August 1, 2018, Apple published a financial report that turned out to be better than analysts had predicted, and the Company had risen in price to a trillion dollars for the first time in its history.