Hyundai Motor Q4 net profit up 28.8 pct to 2.2 tln won

Hyundai Motor Co on Thursday reported its fourth-quarter net income of 2.2 trillion won (US$1.6 billion), up 28.8 percent from a year earlier. The company said in a regulatory filing that it posted 3.4 trillion won in operating profit for the quarter, compared with 3.4 trillion won a year ago. Revenue rose 8.3 percent to 41.66 trillion won. The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 2.64 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency