Hyundai Mobis Posts Near-Trillion Won Q2 Profit
Hyundai Mobis posted a second-quarter net profit of 1.0602 trillion won on 16.3247 trillion won in sales and 975.2 billion won in operating profit, with first-half figures also up as the company benefited from high-value automotive electronics and a strong after-sales business. It reaffirmed its focus on future mobility through about 950.8 billion won in H1 R&D and order growth totaling $740 million, even as electrification sales declined and memory costs persisted.