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Hyundai Motor's Q2 net edges down 1 pct

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(Globalpost/GlobalPost)

SEOUL, July 25 (Yonhap) -- Hyundai Motor Co., South Korea's largest automaker, said Thursday its second-quarter net profit edged down 1 percent from a year earlier.

Net profit reached 2.52 trillion won (US$2.2 billion) in the April-June period, compared with 2.54 trillion won a year earlier, the Seoul-based company said in a regulatory filing.

Sales rose 5.7 percent on-year to 23.1 trillion won in the three-month period, while operating profit dropped 5.2 percent to 2.4 trillion won.

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