Tag - Kia's operating profit down 8.5 % last year

Kia's operating profit down 8.5 % last year

Kia Motors reported better sales result last year but they didn’t lead to operating profit gains, according to a regulatory filing Wednesday. The nation’s No.2 carmaker posted 49.52 trillion won in sales in 2015, up 5.1 percent year-on-year. It sold 3.05 million cars worldwide in 2015, up 0.3 percent from the previous year. Yet, its January-December operating profit plummeted to a record low over the past five years of 2.35 trillion won, down 8.5 percent. Despite brisk domestic sales, riding on the [...]

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