Kia Q2 profit falls despite record sales, as US tariffs, incentives bite

South Korean carmaker Kia said Friday its operating profit fell 4.9 percent in the second quarter, as US auto tariffs and higher sales incentives offset record revenue and vehicle sales fueled by surging demand for hybrid and electric models.

Operating profit declined to 2.63 trillion won ($1.79 billion) in the April-June period from a year earlier, according to Kia.

Revenue rose 12.6 percent to 33.04 trillion won, marking the highest quarterly figure, while net profit increased 2.6 percent to 2 ...