Kia Corp. reported a 4.9 percent decline in second-quarter operating income to 2.629 trillion won, even as sales climbed 12.6 percent to 33.037 trillion won. Net income attributable to shareholders of the parent company grew 2.6 percent to 2.328 trillion won. For the first half, operating income fell 16.3 percent to 4.834 trillion won while sales rose 9 percent to 62.539 trillion won. Kia shares were down about 5.94 percent in South Korea, trading at 140,900.00 won.
Kia CorpOperating income fell 4.9% despite higher sales, disappointing the market.