Hyundai Motor's Q4 profit almost halves amid rising prices of raw materials

Analysts warn that soaring prices of raw materials, component shortages and logistical bottlenecks caused by the Covid-19 pandemic are likely to further drive up costs in the current quarter


South Korea's Hyundai Motor Co reported a nearly 50% drop in quarterly profit on Tuesday, falling significantly short of analysts' estimate, hurt by rising raw material costs and a one-off

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 25 2022 | 11:51 AM IST

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