Hyundai announces Q3 2009 earnings.
824,181. Just a number. A large one, but for you and me, just a number, nonetheless. However, for the folks at Hyundai Motor Company, that was the number of cars that they sold worldwide in the third quarter of 2009 – half them produced in Korea, the other half distributed among overseas plants in China, U.S, India, Czech Republic, and Turkey.
Putting that figure into perspective, it is a staggering 41.4% increase from Q3 2008. Translating that to the dollars and cents, Hyundai’s Q3 net profit for 2009 stood at 979 billion won (RM2.7b), a mind-boggling 270% increase from Q3 2008. In any business, 270% increase in net profit is nothing short of phenomenal.
Hyundai’s remarkable rebound from the economic crisis was greatly spurred by growth in demand from government sponsored initiatives worldwide. They have seen their market share for Q3 2008, which stood at 4.4%, rise to 5.5% for Q3 2009.
KON
