UPDATED. 2024-06-14 08:17 (금)
Kia records 10 times increase in Q2 profit
Kia records 10 times increase in Q2 profit
  • Yang Tae Hoon
  • 승인 2021.07.22 17:40
  • 댓글 0
이 기사를 공유합니다

Chip shortage to continue in Q3, company warns
Image: Kia
Image: Kia

South Korea automobile brand Kia recorded 1.48 trillion won in operating income in the second quarter, an increase of 924.5% from the same time period a year ago.

Sales increased by 61.3% to 18.33 trillion won over the same time period.

Kia’s net income during the quarter was 1.34 trillion won, an increase of 963.2% year-on-year.

Operating income beat South Korean analysts’ consensus of 1.37 trillion won.

Kia said its profitability was increased due to surge in demand for automobiles due to weakening affect of the pandemic.

It also expanded sales of new car models that are more profitable.

Kia said it is aiming for successful launches of its new Sportage and EV6 in the second half of the year.

It will also continue to focus on selling profitable RVs such as Sorento and Carnival, the company added.

However, though the global chip shortage was easing, affects of the shortage is expected to continue to the third quarter and it will take a long time for normalization, Kia warned.

In the second quarter, the company sold 754,117 units of vehicles, an increase of 46.1% from a year ago. Global unit sales reached 605,808 units, an increase of 70.9% over the same time period.

Like affiliate Hyundai Motor, Kia also warmed of a slowdown in growth during the second half of the year due to outbreaks of COVID-19 and increase in raw material prices.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr