Kia Motors Q2 net quadruples on increased sales

SEOUL, Aug. 12 (Yonhap) -- Kia Motors Corp., South Korea's No. 2 automaker, said
Wednesday that its second-quarter earnings nearly quadrupled as government tax
incentives and rising overseas demand for small cars boosted sales.

Net profit reached 347 billion won (US$278 million) in the April-June period,
compared with a profit of 85.9 billion won year earlier, the company said in a
regulatory filing.
Sales increased 11.5 percent to 4.68 trillion won over the cited period, and
operating income surged 182 percent to 330 billion won, it said.
sam@yna.co.kr
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