Industry
Kia Motors' net tumbles over 27 pct in Q2
July 24, 2015
Kia Motors Corp., South Korea's No. 2 carmaker, said Friday its second-quarter earnings plunged more than 27 percent from a year earlier on weak sales at home and abroad.Net income came to 746.5 billion won ($642.92 million) in the April-June period, down 27.1 percent from a year earlier, the company said in its regulatory filing.Operating profit also sank 15.5 percent on-year to 650.7 billion won, but sales edged up 3.2 percent to 12.44 trillion won.Kia Motors, the smaller affiliate of industry