Kia Motors announces 2019 fourth-quarter business results
Kia Motors Corporation today announced its 2019 fourth-quarter business results, reporting a 20 percent rise, year-on-year, in quarterly revenue – driven by increased sales of new models and aided by favorable currency exchange rates.
Kia Motors recorded sales revenue of KRW 16.11 trillion throughout the final quarter of the year, 20 percent higher than the KRW 13.47 trillion recorded over the same period in 2018.
Kia’s fourth-quarter operating profit jumped 55 percent, year-on-year, to KRW 590.5 billion, up from KRW 382 billion in the final quarter of 2018. The Telluride SUV, which won the coveted 2020 North American Utility Vehicle of the Year award earlier this month, booked retail sales of around 58,000 units in the US alone, resulting in a significant boost to Kia’s revenue and profitability.
Jan 27, 2020 at 21:35