SEOUL: South Korea’s biggest carmaker, Hyundai Motor Co, reported yesterday a better-than-expected 86% rise in quarterly profit,boosted by exports of its more profitable XG luxury sedans and Sante Fe sport utility vehicles.
And analysts see Hyundai's profits rising further in the second half, as an expected recovery in the domestic economy adds to robust exports, particularly to Europe where the strong euro has made imports from South Korea more competitive.
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