Hyundai Motor Q2 profit falls despite record revenue

Hyundai Motor said Thursday that its second-quarter operating profit dropped about 21 percent as rising raw materials costs and production disruptions outweighed record-breaking revenue and robust demand for its hybrid vehicles.

South Korea’s largest automaker reported an operating profit of 2.85 trillion won ($1.94 billion) for the April-June period, down 20.8 percent from 3.6 trillion won a year earlier.

Revenue rose 1.9 percent to 49.22 trillion won, marking the highest quarterly figure in th ...