SEOUL, July 24 (Xinhua) -- South Korea's biggest automaker Hyundai Motor logged a double-digit fall in its second-quarter profit due to the negative effect of the U.S. tariffs imposition that offset a record-high revenue, the company said Thursday.
Revenue grew 7.3 percent from a year earlier to 48.29 trillion won (35.3 billion U.S. dollars) in the April-June quarter, marking the quarterly high in the company's history.
Operating profit tumbled 15.8 percent to 3.6 trillion won (2.6 billion dollars), and net income dropped 22.1 percent to 3.25 trillion won (2.4 billion dollars).
The company said higher incentives amid intensifying competition and the impact of the global trade environment weighed on the operating profit.
Hyundai sold 1,065,836 units across the world in the second quarter, up 0.8 percent compared to the same quarter of last year.
Its domestic automotive sales rose 1.5 percent to 188,540 units, while sales outside South Korea climbed 0.7 percent to 877,296 units.
Global sales of electrified models, including hybrids, plug-in hybrids, battery electric vehicles and fuel cell electric vehicles, surged 36.4 percent to 262,126 units in the cited quarter. ■
