Strong won hurts Kia's Q2 earnings
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Strong won hurts Kia's Q2 earnings

Strong won hurts Kia's Q2 earnings

Kia Motors has reported a 13.3% year-on-year drop in its second-quarter profit, as a pick-up in sales was offset by a stronger won that hurt exports, AFP has reported. The second-largest South Korean carmaker made a net profit of 1.02trn won ($988m), with unit sales up 4.3% year-on-year. Operating profit plunged 31.7% on-year to 769.7bn won in the three-month period.
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