Hyundai Motors has said profit rose 31% in the first quarter as strong sales in the US and Europe helped to offset lower demand in its domestic market.
Net profit rose to 2.45tn won ($2.1bn; £1.3bn) in the January to March quarter, up from 1.88tn won last year.
The firm's sales in US rose 15% thanks to new models and the overall recovery in the US car market.
At the same time, the launch of compact models in Europe helped it to boost its market share in the region.
Analysts said the firm was expected to keep growing robustly.
"There is no reason why Hyundai can't continue this upward trend in the second quarter," said Kim Dae-Hwan of Shinyoung Asset Management.
"The US market looks fine and although there are slowdown concerns in Europe and China, in China foreign brands like Hyundai are performing well."
Source & Image : BBC
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