SEOUL, South Korea (AP) -- Kia Motors Corp. says third-quarter net profit rose 66 percent to a record high amid double-digit gains in sales volume and revenue.
Kia, an affiliate of Hyundai Motor Co., earned 666.61 billion won ($592.75 million) in the three months ended Sept. 30. It said Friday that it had net profit of 402 billion won the year before. Kia has a plant in West Point, Ga.
Kia spokesman Michaerl Choo says the profit result was Kia's best ever on a quarterly basis, beating the 604 billion recorded in the final three months of 2009.
Sales in the quarter rose 26 percent to 5.69 trillion won from 4.51 trillion won a year earlier. Kia sold 541,884 vehicles worldwide during the third quarter, 24 percent higher than the same period last year.
Kia, an affiliate of Hyundai Motor Co., earned 666.61 billion won ($592.75 million) in the three months ended Sept. 30. It said Friday that it had net profit of 402 billion won the year before. Kia has a plant in West Point, Ga.
Kia spokesman Michaerl Choo says the profit result was Kia's best ever on a quarterly basis, beating the 604 billion recorded in the final three months of 2009.
Sales in the quarter rose 26 percent to 5.69 trillion won from 4.51 trillion won a year earlier. Kia sold 541,884 vehicles worldwide during the third quarter, 24 percent higher than the same period last year.
