Hyundai profits increased due to high demand on SUV

Hyundai profits increased due to high demand on SUV

Hyundai announced that the high demand on their SUV cars affected on their profits as it increased by 30% during Q2-2019.


Also, profits between April till June approximately reached 1.24 trillion Korean won to record the second consecutive increase in the company profits.


The Korean company stated that it also benefited from the effects of currencies.


Hyundai suffered previously from profits decrease for many quarters. The net profit for Q2 was 920 billion won compared to 701 billion won during the same period in the previous year.


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