South Korea's No. 1 automaker Hyundai Motor Co. on Thursday announced its earnings for the third quarter, which rose from a year ago thanks to strong overseas sales.
According to the company's regulatory filing, its net profit posted 1.35 trillion won for the third quarter of 2010, up from 979.2 billion won (871 million U.S. dollars) a year ago.
The net profit, however, was a slight decline from the previous quarter, falling 2.6 percent from the second quarter.
Hyundai's Q3 sales advanced 9.2 percent to 8.85 trillion won ( 787.4 billion U.S. dollars) from a year ago, while its operating profit also leapt 28.1 percent to 751.8 billion won (669 million U. S. dollars), the company said in its filing.
Hyundai Motor's brisk earnings owed heavily to its robust exports to the global market, such as China and the U.S., it explained.
During the same period, Hyundai Motor sold around 967,000 vehicles in the global market, with its global market share jumping from 5.1 percent to 5.5 percent quarter-on-quarter.
Meanwhile, shares of Hyundai Motor closed at 169,000 won (150.4 U.S. dollars), down 1.17 percent from the previous session.
