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Updated Friday, July 30, 2010 11:22 am TWN, AP

Hyundai Motor second-quarter net profit soars to record US$1.2 billion

SEOUL -- Hyundai Motor Co.'s second-quarter profit soared 71 percent to a record high on a double-digit jump in global sales. South Korea's biggest automaker said it earned 1.39 trillion won (US$1.2 billion) in the three months ended June 30. It earned 811.9 billion won the same period last year.

The result exceeded Hyundai's previous record profit of 1.13 trillion won in the first quarter of this year and highlights its emergence as a rising force in the global auto industry.

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	Hyundai motors' logo is seen at its showroom in Seoul, South Korea, Thursday, July 29. Hyundai said Thursday it earned 1.39 trillion won (US$1.2 billion) in the three months ended June 30. The company earned 811.9 billion won the same period last year. (AP) Enlarge Photo


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