HD Hyundai shifts to loss in Q4

SEOUL, HD Hyundai Co. on Tuesday reported its fourth-quarter net loss of 117 billion won (US$88.2 million), shifting from a profit of 38.8 billion won a year earlier. The company said in a regulatory filing that it posted 357.9 billion won in operating profit for the quarter, compared with 274.5 billion won a year ago. Sales rose 1.2 percent to 16.71 trillion won. Source: Yonhap News Agency