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26 Jan
13:12

Hyundai focuses on electrification as Q4 profits rise

South Korean automaker Hyundai has recorded a net profit increase of 78% during fourth-quarter 2020, Kallanish reports. Hyundai’s Q4 net profits rose to KRW 1.38 trillion ($1.25 billion) during the period compared to KRW 772.1 billion the year previously, although net profit for full-year 2020 declined to 33.5% to KRW 2.12 trillion year-on-year.The company’s share price fell 3.27% following the earnings announcement to close at KRW 251,500 on Tuesday f…
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