Key facts
- Third-quarter operating profit rose 5.5% to 2.7 trillion won.
- Profit beat LSEG SmartEstimate forecasts of 2.4 trillion won.
- Favorable foreign exchange rates boosted results.
Hyundai Motor reported a 5.5% rise in third-quarter operating profit on Thursday, as favorable foreign exchange rates helped offset the impact of partial strikes and weaker sales of ageing models. The company posted an operating profit of 2.7 trillion won ($2.01 billion) for the July-September period, compared with 2.5 trillion won a year earlier. This figure surpassed the 2.4 trillion won forecast by LSEG SmartEstimate.