Seoul, January 26: Hyundai Motor Co. says its 2011 earnings reached a record high on increased demand at home and abroad.
The company said Thursday that its net profit reached 8.1 trillion won ($7.2 billion) last year. The company had earned 6 trillion won a year earlier.
Company officials said in a telephone conference that sales increased in countries such as the United States and China as well as at home.
Hyundai Motor is South Korea’s largest automaker and is a major force in the global auto industry.
---Agencies
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