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Hyundai Mobis’s 2019 net profit up 21.5% y/y to USD2 billion

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Financial results

Sales in Module/Core Parts segment were up 8.1% y/y

Hyundai Mobis has reported 21.5% year-over-year (y/y) increase in net profit to KRW2.3 trillion (USD2 billion) in the financial year ended 31 December 2019, the company said in a statement. Sales increased 8.2% y/y to KRW38 trillion. Higher sales helped the leading South Korean supplier to record 16.5% y/y growth in operating profit to KRW2.4 trillion.

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