Hyundai Mobis-Q3 earnings
Hyundai Mobis Q3 net profit up 4.6 pct to 559.9 bln won
SEOUL, Oct. 28 (Yonhap) -- Hyundai Mobis Co. on Friday reported its third-quarter net profit of 559.9 billion won (US$394.4 million), up 4.6 percent from a year earlier.
The company said in a regulatory filing that it posted 576 billion won in operating profit for the quarter, compared with 457.6 billion won a year ago. Sales rose 31.9 percent to 13.18 trillion won.
The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 843.3 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
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