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Kia reports US$ 1.1 bil. in operating profit for Q3 Updated: 2021-10-27 15:14:52 KST

Automaker Kia has reported an operating profit for the third quarter of over 1.1 billion U.S. dollars,… an on-year increase of almost 580 percent despite the global chip shortage.
The company says operating profits for the July to September period came to 1.three-two trillion won, thanks to a rise in sales of high-value models in its SUV line like the Sorento and Carnival passenger van.
In the third quarter, Kia sold more than 684-thousand units.
But it warned of uncertainties ahead because of the chip shortage as well as volatile exchange rates.
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