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Published 9 months ago

Cars Kia Published by J. Doe

Kia Motors announces Q3 2020 business results

Kia Motors Corporation today announced its business results for the third quarter of 2020. Third-quarter revenue increased 8.2 percent, year-on-year, to KRW 16.32 trillion (from KRW 15.09 trillion).

Sales outside of Korea declined by just 1.3 percent to 562,678 units as lockdown measures eased in advanced markets, with reviving demand despite the ongoing adverse impacts from COVID-19. Sales in Korea rose by 3.2 percent to 136,724 units, led by sales of the newly launched Carnival minivan, as well as the Sorento SUV and K5 sedan.

The company recorded revenues of KRW 16.32 trillion in the third quarter, 8.2 percent higher than KRW 15.09 trillion over the same period in 2019.

Kia Motors Corporation 2020 Q3 Business Results (K-IFRS)

(Revenue / Operating Profit / Net Profit unit: Billion KRW)

Original article

Oct 27, 2020 at 11:16

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