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Hyundai Motor Q4 profit climbs YOY


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Hyundai Motor Q4 profit climbs YOY

Hyundai Motor Co. said its normalized net income for the fourth quarter amounted to 6,727.05 South Korean won per share, a gain of 5.0% from 6,408.23 won per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.393 trillion won, a gain from 1.340 trillion won in the year-earlier period.

The normalized profit margin dropped to 5.7% from 5.7% in the year-earlier period.

Total revenue climbed 5.1% year over year to 24.765 trillion won from 23.574 trillion won, and total operating expenses grew 7.1% from the prior-year period to 23.250 trillion won from 21.699 trillion won.

Reported net income decreased year over year to 1.256 trillion won, or 6,067.76 won per share, from 1.274 trillion won, or 6,095.83 won per share.

For the year, the company's normalized net income totaled 25,111.82 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 23,132.70 won.

EPS declined from 28,376.51 won in the prior year.

Normalized net income was 5.201 trillion won, a fall from 5.937 trillion won in the prior year.

Full-year total revenue rose year over year to 91.959 trillion won from 89.256 trillion won, and total operating expenses rose on an annual basis to 85.601 trillion won from 81.706 trillion won.

The company said reported net income declined on an annual basis to 4.942 trillion won, or 23,860.85 won per share, in the full year, from 5.657 trillion won, or 27,036.88 won per share.

As of Feb. 25, US$1 was equivalent to 1,237.97 South Korean won.