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Hyundai Motor swings to profit in Q3 Updated: 2021-10-26 17:00:15 KST

Despite the global chip shortage, Hyundai Motor says its net profit in the third quarter came to 1.2-7 billion U.S. dollars.
That's a huge swing from a loss of 269 million dollars a year earlier.
Revenue was up 4.7 percent on-year to 24.7 billion dollars.
It was an earnings surprise attributed to the expansion of sales of high-value products like electric cars and SUVs, which offset the negative impact of fewer units sold and exchange rate volatility.
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