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Hyundai Q4 profit slips as U.S. discounts, emerging market slowdown bite

Reuters  |  SEOUL 

SEOUL (Reuters) - South Korea's Hyundai Motor on Tuesday said profit fell for the eighth consecutive quarter, as it boosted discounts to revive U.S. sales and auto demand stagnated in emerging markets.Hyundai, the world's fifth-biggest automaker along with affiliate Kia Motors Corp, said October-December net profit dropped to 1.63 trillion won ($1.36 billion) from 1.66 trillion won a year earlier. That was in line with the 1.6 trillion won average estimate of 15 analysts polled by Thomson Reuters I/B/E/S.With net profit for 2015 coming in at 6.42 trillion won, last year's result was Hyundai's ...

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First Published: Tue, January 26 2016. 11:10 IST