SEOUL, KOREA - Kia Motors held an investors relations session in a conference call format at its headquarters building in Yangje in Seoul’s Gangnam on April 25, where it released its business performance results for the first quarter of this year.
On an IFRS basis, Kia Motors posted sales of 11.92 trillion won, operating profit of 735.6 billion won, pre-tax profit of 1.06 trillion won, and net profit of 876.3 billion won.
The company sold 771,870 cars worldwide in the first quarter, up 9.9 percent from a year ago. The company attributed the strong results to the increase in sales of flagship models such as Soul, K3 and Sportage R, plus the improvement of its brand image.
All its plants in Korea and elsewhere performed well. The sales of the cars produced at domestic plants grew 9.3 percent to 433,000 units, while those produced at overseas ones rose 10.8 percent to 339,000 units.
Year on year, its sales grew 7.6 percent and operating profit 4.5 percent. Its operating profit-to-sales ratio reached 6.2 percent. Pre-tax profit and net profit also rose 9.6 percent and 11.8 percent, respectively, year on year.