South Korea's Hyundai Motor posted a better than expected quarterly operating profit for the fourth quarter of 2019 mainly boosted by improved sales of sport utility vehicles.
The carmaker's operating profit in the October-December period was over 1.0-6 billion U.S. dollars-- 18-percent higher than the average estimate.
The company's revenue was up 10-and-a-half percent.
It's net profit was 720 million dollars.
Looking at the entire year,… Hyundai's operating profit jumped 52-percent and its sales were up 9.3 percent to reach almost 91 billion dollars.
The firm's Senior Vice President said the addition of new models like the Palisade SUV and a new-look Grandeur pushed up the sales.