Hyundai Motor Co. said second-quarter net profit rose 48 percent to a record high as robust sales in China and India helped it ride out the global auto slump.
Hyundai Motor, which along with affiliate Kia Motors Corp. forms the world's fifth-biggest automotive group, said in a regulatory filing Thursday it earned 811.85 billion won ($650 million) in the three months ended June 30. It posted net profit of 546.9 billion won a year earlier.
Company spokesman Ki Jin-ho said the profit was the biggest ever for a single quarter.
Total sales revenue during the three-month period, however, fell 11 percent to 8.08 trillion won from 9.11 trillion won.
Still, the result …
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