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Hyundai Motor Q2 profit falls YOY

Hyundai Motor Co. said its second-quarter normalized net income came to 1.393 trillion won, a decrease of 19.6% from 1.734 trillion won in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to 6.1% from 7.6% in the year-earlier period.

Total revenue came to 22.822 trillion won, compared with 22.753 trillion won in the prior-year period, and total operating expenses climbed from the prior-year period to 21.071 trillion won from 20.665 trillion won.

Reported net income came to 1.703 trillion won, compared with 1.729 trillion won, or 8,262.09 won per share, in the year-earlier period.

As of July 23, US$1 was equivalent to 1,161.94 South Korean won.