Kia Motors swings to black in Q1

SEOUL, April 24 (Yonhap) -- Kia Motors Corp., South Korea's second-largest
automaker, said Friday it returned to profit in the first quarter on the back of
a weaker won and a rise in new car sales.

Net income came to 97.4 billion won (US$72.6 million) in the three months to
March, a turnaround from a net loss of 24.8 billion won a year ago, Kia Motors
said in a regulatory filing.
Sales, however, fell 5.8 percent on-year to 3.5 trillion won, and operating
profit dropped 13 percent to 88.9 billion won, it said.
ksnam@yna.co.kr
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