Hyundai Motor Reports 2011 First Quarter Earnings
- Hyundai sells 919,130 units worldwide in the first quarter - Sales revenue and net profit stand at 18.2 trillion won and 1.9 trillion won - Hyundai adopts new accounting system, IFRS, from this quarterHyundai Motor Company, South Korea’s largest automaker, sold 919,130 units (domestic: 166,664 / overseas: 752,466) worldwide in the first quarter of 2011, up 9.2 percent from the same period a year earlier in spite of global economical and political uncertainties. Hyundai Motor posted solid earnings based on its world-class quality and strong product competitiveness: Net profit rose