Hyundai Electric Turns Operating Profit Positive in Q4 Last Year

[Asia Economy Reporter Ji Yeon-jin] Hyundai Electric announced on the 3rd that its sales in the fourth quarter of last year amounted to 491.4 billion KRW, a 12.6% decrease compared to the previous year. Operating profit during this period turned positive to 20.7 billion KRW, and net loss decreased by 82.5% to 27 billion KRW.

Last year's sales increased by 2.3% compared to the previous year to 1.8113 trillion KRW, and operating profit was 72.7 billion KRW. Net loss during the same period decreased by 84% to 53.5 billion KRW.