Hyundai Motor Q4 profit rises 57% on demand for SUVs, Genesis

SEOUL, Jan 26 (Reuters) – South Korea’s Hyundai Motor Co reported on Tuesday a 57% rise in fourth-quarter profit, slightly below analyst estimates, backed by demand for high-margin sports-utility vehicles and its premium Genesis cars.

Hyundai, which together with affiliate marketing vs performance marketing Kia Corp is among the world’s top 10 automakers, reported a net profit of 1.3 trillion won ($1.18 billion) for October-December, versus 804 billion won a year earlier.

That compared with the 1.5 trillion won average of 16 analyst estimates compiled by Refinitiv.($1 = 1,104.7400 won) (Reporting by Heekyong Yang and Joyce Lee; Editing by Himani Sarkar)

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