India, Jan. 29 -- Hyundai Motor Co., Ltd. (HYMTF, HYMLF,005380.KS) reported Thursday sharply lower profit in its fourth quarter, while sales edged up from last year. Looking ahead for fiscal 2026, the company projects higher revenues, margin and wholesale sales.
In South Korea, Hyundai Motor shares closed Thursday's regular trading 5.6 percent higher at 520,000.00 won.
In the fourth quarter, net income attributable to shareholders of parent company plunged 54.9 percent to 1.029 trillion Korean won from last year's 2.280 trillion won.
Pre-tax profit fell 46.6 percent to 1.666 trillion yen from 3.119 trillion won a year ago.
Operating income also declined 40 percent to 1.695 trillion won from last year's 2.822 trillion won.
Sales for the...