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Kia Motors Q3 earnings plunge on production lossBy 이지윤
Published : Oct. 27, 2016 - 11:30
Revenue also fell 3.1 percent to some 12.7 trillion won during the July-September period.
The company said its third-quarter earnings were hit hard by production loss at domestic plants and the strong Korean won against foreign currencies in overseas markets.
The company said it sold 684,302 vehicles during the cited period, up 3.9 percent from a year ago. Despite a 14.6 percent decline in exports from Korea, its overseas plants ramped up production by 30.3 percent, it said.
By Ahn Sung-mi (firstname.lastname@example.org)
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