Hyundai Motor Company Reports Q2 Revenue of 21.859 Trillion KRW, Down 18.9% Year-on-Year (2nd Report)
[Asia Economy Reporter Kim Ji-hee] Hyundai Motor Company announced on the 23rd that its sales revenue for the second quarter of this year recorded 21.859 trillion KRW, a 18.9% decrease compared to the same period last year. Operating profit for the same period was 590.3 billion KRW, down 52.3%.
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Global market sales volume was 703,976 units, a 36.3% decrease compared to the same period last year. In the domestic market, despite the impact of the novel coronavirus infection (COVID-19), sales increased by 12.7% compared to the same period last year due to demand recovery from the reduction of individual consumption tax and strong sales of new models such as the GV80, G80, and Avante. On the other hand, overseas sales reached 478,424 units, down 47.8% year-on-year, as demand declined in all regions except China.
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