Kia Profit Climbs 67% on Rise in U.S. Sales of SUVs, Sedans
This article is for subscribers only.
Kia Motors Corp., the world’s best-performing major auto stock this year, posted a 67 percent increase in second-quarter profit as it sold more sedans and sports utility vehicles in the U.S.
Net income was 1.13 trillion won ($1.07 billion) in the three months ended June 30, up from a revised 676.1 billion won a year earlier, the Seoul-based company said in a regulatory filing today. This compares with the 913 billion won average of six analyst estimates compiled by Bloomberg.