Kia's Q3 Profit Jumps 24.3% on Hybrid, SUV Sales Growth
5 Articles
5 Articles
Kia's Q3 profit jumps 24.3% on hybrid, SUV sales growth
Kia has achieved solid earnings growth in the third quarter, supported by rising sales of hybrids, electric vehicles (EVs) and popular SUV models across major markets, the carmaker said Friday in a regulatory filing. The carmaker said its operating profit between July and September jumped 24.3 percent to 1.82 trillion won ($1.36 billion). Sales also increased 10.2 percent to 31.6 percent during the same period. The automaker's earnings growth wa…
(Seoul = Yonhap News) Reporter Jang Ha-na = Despite the slowdown in demand in the global automotive market, Kia aims for double-digit growth in the third quarter by leveraging a regional powertrain optimization strategy...
Kia posted an "earnings shock," with operating profit falling approximately 23% below market expectations despite achieving record-high third-quarter sales. While sales of hybrid vehicles in the U.S. and electric vehicles in Europe increased, there were limits to boosting profitability due to a combination of price discounts, expanded sales incentives, and rising raw material costs. Kia tentatively reported consolidated revenue of 31.5974 trilli…
[Digital Daily Reporter Choi Min-ji] Kia has achieved its highest-ever third-quarter revenue. Kia announced on the 30th that it recorded consolidated revenue of 31.5974 trillion won and an operating profit of 1.8183 trillion won for the third quarter of 2026. This represents an increase of 10.1% and 24.3%, respectively, compared to the same period last year. The company maintained its growth momentum amidst declining global industrial demand c…
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