Consolidated net profit for the three months to September rose to ?829.46bn ($757m) from ?647.9bn a year earlier.
Operating profit rose 4.1% year-on-year to ?861.2bn, while sales were up 16% at ?11.62tn.
Kia workers launched partial strikes in July and August calling for higher wages and better working conditions. The walkouts cut production by 62,890 vehicles valued at ?1.035tn.
Kia, an affiliate of Hyundai Motors, sold 2.03m vehicles in the first nine months, up 11% from a year ago, although domestic sales fell 4.7 percent to 349,000 units.
Source: AFP via I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
