- Increase of 117.5% from Last Year. Easily Achieving 500 billion won of this year’s Target
As the result of aggregate total for management performance in the past first quarter, Kia Motors Co., Ltd. sold the total of 214,547 vehicles including the domestic sales of 90,445 vehicles and the export of 124,102 vehicles. It announced that it recorded the sales revenue of 2 trillion 864 billion won and net income of 115.5 billion won.
In particular, the net income of the term recorded 115.5 billion won that is an increase of 117.5% in comparison with the same period of the previous year for 53.1 billion won, that made the management prospect of Kia Motors this year much brighter.
An official of finance and economic headquarter of Kia Motors explained on the fine performance as "the continuous price savings and export increase are the major factors, and in particular, the increase of export for the increase of exchange rate made substantial contribution to the profit."
In the second quarter, Kia has seen significant increase of sales in the domestic market for RV vehicles like Carnival II and the new product like Optima (Magentis), Carnival (Sedona) and others are advanced to the overseas market. With the active movements at home and abroad, the target revenue of 13 trillion won and ordinary income of 500 billion won will easily be achieved.