SEOUL: Hyundai Motor Co. said on Thursday its second-quarter net profit plunged 23.8 percent from a year earlier, due to a strong won and increased competition at home and abroad.
The largest South Korean automaker’s net profit came to 1.79 trillion won ($1.55 billion) during the April-June period, down from 2.35 trillion won a year earlier, the company said in a regulatory filing.
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