Hyundai GF Holdings' third-quarter operating profit falls 14.2% as revenue rises
Hyundai GF Holdings disclosed preliminary consolidated third-quarter operating profit of 65.3 billion won, down 14.2% from a year earlier. Revenue rose 2.1% to 1.9653 trillion won, while net profit fell 60.1% to 65.8 billion won. The company attributed the operating profit decline to adverse macroeconomic conditions, including higher oil prices and a lower exchange rate, affecting some affiliates.