Seoul - South Korea's largest carmaker Hyundai Motor said on Thursday its first-quarter net profit jumped 31 percent from a year earlier thanks to strong sales overseas and reduced marketing costs.
Consolidated net profit was 2.45 trillion won in January-March compared with 1.87 trillion won a year earlier, the company said.
Sales rose 11% year-on-year to 20.16 trillion won and operating profit climbed 25% to 2.28 trillion won.
Overseas sales - both cars shipped from South Korea and those made by Hyundai's overseas plants - reached 917 879 units in the first quarter, up 22% from the year before.
But the company said domestic sales declined 7% year-on-year to 154 800 units.