UPDATE 2-Hyundai may boost SUV capacity in US, China after profit dips

jueves 23 de abril de 2015 04:26 GYT
 

* Q1 net profit 1.9 trln won vs consensus 1.7 trln won

* Operating profit 1.59 trln won, down 18 pct

* Says actively considering adding U.S. capacity

* Says no retreat in Russia, aiming for bigger market share (Adds executive comments, earnings details)

By Hyunjoo Jin

SEOUL, April 23 (Reuters) - South Korea's Hyundai Motor may boost production of sport utility vehicles in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavourable foreign exchange trends.

Hyundai, which together with affiliate Kia Motors ranks fifth in global sales, said net profit eased 1 percent to 1.91 trillion won ($1.77 billion) in the January-March period from 1.93 trillion won a year earlier. The decline was its fifth quarterly profit drop in a row.

While rivals cash in on the sport utility vehicle (SUV) boom, spurred in part by cheaper fuel, Hyundai has grappled with a lack of production capacity and absence of new models in the segment.

The firm said it expects earnings to improve in the current quarter, fuelled by overseas rollouts of the latest version of its Tucson SUV.   Continuación...