July 22, 2019 / 5:13 AM / 2 months ago

Hyundai Motor Q2 net profit rises 31.2%, new models boost domestic sales

SEOUL, July 22 (Reuters) - South Korea’s Hyundai Motor Co on Monday said second-quarter net profit climbed 31.2%, as a weaker local currency helped lift U.S. income, while new models boosted domestic sales.

April-June profit reached 919.3 billion won ($780.44 million, from 700.6 billion won in the same period a year earlier. The result compared with the 1.03 trillion won average of 18 analyst estimates compiled by Refinitiv.

Operating profit rose 30.2% to 1.24 trillion won while revenue went up 9.1% to 26.97 trillion won, the automaker said in a stock exchange filing. ($1 = 1,177.9200 won) (Reporting by Ju-min Park and Hyunjoo Jin; Editing by Christopher Cushing)

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